UP Govt brings a new warehousing and logistic policy

December 23, 2022

In order to make Uttar Pradesh a trillion-dollar economy, a new ‘Uttar Pradesh Warehousing and Logistics Policy-2022’ has been approved.
This policy will be effective for the next five years.
This policy has been made with a view to develop the logistics ecosystem in the state to create an international-level business environment.
The new policy is to create a strong transport infrastructure network, upgrade and improve existing warehousing and logistics infrastructure, encourage integrated development of logistics services in the state to reduce logistics costs and improve efficiency.
Under the new policy, there is a provision for fast track land allotment for logistics parks, development of specified logistics zones as well as incentive scheme.
Under the incentive scheme, the logistics infrastructure facilities are covered under 3 heads which include, one warehousing facilities such as warehouses, silos and cold chain facilities, two logistics parks and dry ports including multimodal parks, inland container depots, container freight stations including air freight stations and three other facilities, such as truck lay-bays, private freight terminals, private berthing terminals and inland vessels, and provision of attractive incentives and incentives.