Centre plans 15 logistics parks in India
Reducing logistics cost can boost the country's exports 1.5 times.

New Delhi: To reduce transportation cost and minimise pollution, the government plans to set up 15 logistics park in cities with high freight movement at an investment of about Rs 33,000 crore. The proposal is consequent to the announcement made by road transport and highways minister Nitin Gadkari that reducing logistics cost can boost the country’s exports 1.5 times, besides leading to faster economic development.
“It is proposed to develop logistics parks in 15 cities with highest freight movement (covering more than 40 per cent of the total road freight movement in India) in Phase I of the programme,” the road transport and highways ministry said in its proposal. It said the expected development of logistics parks in the top 15 nodes will require capital investment of Rs 33,000 crores.
In phase II, the government plans to develop 20 more logistics parks. “A total of 4,800 acres is needed for the development of the proposed 15 multimodal logistics parks,” the proposal said.