UP is well on the way to becoming India’s warehousing and logistics hub

The Government of Uttar Pradesh is taking decisive steps to boost the proposed investment projects worth over Rs 35 million awarded to the state during the Global Investors Summit. In line with these efforts, the government organized the 2023 Warehousing & Logistics Summit in Lucknow.

The Confederation of Indian Industry (CII) partnered with the Uttar Pradesh State Industrial Development Authority (UPSIDA) to host the UP Warehousing & Logistics Summit 2023 at the CII Office. The aim was to develop the vast land area of ​​Uttar Pradesh and understand the intricacies of the recently introduced UP Storage and Logistics Policy 2023. Prime Minister Yogi Adityanath’s order to establish the state as a logistics hub and boost exports prompted the introduction of the policy.

During the summit, discussions revolved around the key challenges facing the warehousing and logistics industry, such as the lack of skilled labour, limited use of technology and regulatory infrastructure. In addition, panellists highlighted the benefits UP brings to this sector, including a large land bank, an extensive network of highways and expressways, investment intentions, a single window release policy, and a dedicated framework for warehousing and logistics sector growth.

Mayur Maheshwari, CEO of UP State Industrial Development Authority, announced that the warehousing and logistics sector in Uttar Pradesh alone received Memorandum of Understanding (MoU) proposals during the Global Investor Summit, accounting for 10 percent of the total investment proposals. He also announced the forthcoming establishment of a storage center around the expressways. Dadri in Gautam Buddha Nagar is home to an 800-hectare multi-modal logistics hub that integrates land, sea and air transportation. He mentioned the existence of a single window release system for the sector on the Nivesh-Mitra portal.

Akash Goenka, Chairman of the CII UP State Council, highlighted the growing importance of the warehousing and logistics sector due to e-commerce growth, technological advances and the Make in India initiative.

Smita Agarwal, Deputy Chair of the CII UP State Council, expressed confidence in Uttar Pradesh’s warehousing and logistics policies, emphasizing their potential to contribute significantly to the state’s economic growth.

Vikram Jaisinghani, Managing Director and CEO of Adani Logistics Limited, shared the company’s vision to build over 60 million sq ft of warehouse space across India, with 30,000 crore sq ft planned for UP alone.

He expressed confidence that, with government support, he could transform the state’s logistics and warehousing management.

The summit featured technical sessions on logistics and warehousing – the next big revolution in UP and Green logistics and sustainable supply chain management. More than 120 representatives attended the summit.

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