The Uttar Pradesh government is ramping up logistics infrastructure including warehouses and cargo terminals to boost exports.
Under the UP Warehousing & Logistics Policy 2022, the state is wooing the private sector with a slew of incentives to attract investment.
The government is looking to create a robust network of air, water, road and rail connectivity for industry to facilitate an easy access to the global and domestic markets.
At present, 1,100 km of India’s first inland waterway is operational in UP connecting Prayagraj to Haldia port in West Bengal. A Multi Modal Terminal at Varanasi and floating terminals at Ghazipur, Varanasi and Prayagraj districts are also working.
Further, India’s first ‘Freight Village’ spread over 100 acres is proposed at Varanasi. Connecting the exporting hubs of Eastern UP to the ports of East India, the village will serve as a trans-shipment hub for inbound and outbound cargo.
Apart from being home to the largest network of National Highways (NH), UP leads in terms of expressways with nearly a dozen existing and upcoming expressways.
Podcast -How is currency exchange rate fixed?
At the same time, the Yogi Adityanath government is targetting to convert expressways into industrial corridors spanning different industries such as electric vehicles, toy cluster, medical devices, food processing, data centres, textiles etc.