HomeReal EstateCommercialNashik to Become Logistics Powerhouse

Nashik to Become Logistics Powerhouse

Nashik, Maharashtra, is poised for a transformative leap in its logistics infrastructure, with the National Highways Authority of India (NHAI) recently announcing the invitation for bids to construct a Multi-Modal Logistics Park (MMLP) in the region. This ambitious project, valued at ₹336.55 crore, is spearheaded by the National Highways Logistics Management Ltd. (NHLML) and follows a design-build-finance-operate-and-transfer (DBFOT) model. Scheduled to rise in Niphad taluka, this logistics park marks the third of its kind in Maharashtra, joining existing facilities in Nagpur and Pune, further solidifying the state’s strategic position in the national logistics landscape.

The establishment of the Nashik MMLP is integral to the broader vision of the PM Gati Shakti National Master Plan, which aims to enhance logistics efficiency across India by developing 35 such parks nationwide. The first of these, located in Nagpur, has already been initiated under a Public-Private Partnership framework, representing a significant investment in India’s logistics capabilities. Meanwhile, another ambitious project in Pune is underway with a whopping estimated investment of ₹1,360.79 crore. This shift towards modern logistics infrastructure is critical, as the current logistics costs account for about 14% of India’s GDP, a figure that the government aims to reduce to between 8-9%, thereby enhancing India’s competitive edge in the global market.

The implications of these developments are far-reaching. The MMLPs are set to cater to about 50% of the country’s road freight movement, facilitating the swift transit of goods and bolstering the efficiency of import-export operations. This initiative not only fosters economic growth but also addresses crucial civic issues related to traffic congestion and environmental sustainability. The efficient movement of goods is anticipated to lower carbon footprints and lessen congestion on urban roads, thereby improving the quality of life for residents.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Select Group Acquires Prime Westend Colony Home South Delhi Rs 12500 Crore

Select Group Acquires Prime Westend Colony Home South Delhi Rs 12500 Crore

0
The Delhi-based Select Group has completed a high-profile acquisition of a residential property in Westend Colony, South Delhi, for Rs 12.5 billion, highlighting the...
Embassy REIT Sells 376000 Sq Ft Offices At Manyata Bengaluru For 5300 Crore

Embassy REIT Sells 376000 Sq Ft Offices At Manyata Bengaluru For 5300 Crore

0
Embassy REIT has completed the sale of approximately 376,000 square feet across two strata-owned office blocks at Embassy Manyata Business Park in Bengaluru for...
Adani Achieves Rs 800 Billion Growth Through Strategic Deals Since 2023

Adani Achieves Rs 800 Billion Growth Through Strategic Deals Since 2023

0
The Adani Group has executed 33 strategic acquisitions valued at approximately Rs 800 billion since January 2023, signalling sustained capital access and disciplined expansion...
MoHUA Records Major Progress Across Metro Housing Sanitation And Water Infrastructure

MoHUA Records Major Progress Across Metro Housing Sanitation And Water Infrastructure

0
The Ministry of Housing and Urban Affairs (MoHUA) marked 2025 with substantial progress across urban infrastructure, highlighting India’s push towards sustainable, inclusive, and equitable...
Coal India Board Appoints B Sairam As Chief Executive Officer

Coal India Board Appoints B Sairam As Chief Executive Officer

0
The board of Coal India Limited (CIL), India’s largest coal producer, has appointed Chairman-cum-Managing Director B Sairam as the company’s Chief Executive Officer (CEO),...