The Uttar Pradesh government has designated 17,000 acres for the development of multimodal logistics parks (MMLPs) as part of its ambitious mission to achieve a 1 trillion dollar economy. Companies investing at least ₹1,000 crore in such projects will receive a 30% subsidy on land costs.
The Uttar Pradesh government has designated 17,000 acres for the development of multimodal logistics parks (MMLPs) as part of its ambitious mission to achieve a 1 trillion dollar economy. Companies investing at least Rs 1,000 crore in such projects will receive a 30% subsidy on land costs.
MMLPs are integrated hubs combining transportation modes, warehousing, and distribution facilities to enhance supply chain efficiency and reduce logistics costs. The UP Expressway Industrial Development Authority (UPEIDA) has identified prime locations near expressways and highways for these projects.
The state has drafted the UP Multimodal Logistics Park Policy 2024, offering incentives and subsidies for private investors. This policy, pending cabinet approval, aims to attract global players like Sumitomo Corporation, Sembcorp, DP World, and Rank Logistics, who are drawn by UP’s expanding network of expressways, airports, and industrial hubs.
Each proposed MMLP will feature modern warehouses, cold storage, intermodal cargo containers, and cargo terminals. Facilities like customs clearance, packaging, grading, testing, and warehouse management will also be offered under one roof. The first multimodal waterway terminal park is being developed in Varanasi, Prime Minister Narendra Modi’s constituency, on the Ganga’s banks.
The Yogi Adityanath government is heavily investing in road and expressway infrastructure, driving growth in sectors like real estate, hospitality, and commercial vehicles. UPEIDA has partnered with RTDT Laboratories AG, a Swiss ETH Zurich subsidiary, to assess expressway comfort and riding quality.
With robust infrastructure expansion, Uttar Pradesh is cementing its place as one of India’s fastest-growing markets. According to Viplav Shah, LCV Business Head at Ashok Leyland, this development will spur growth in the commercial vehicle sector, aligning with the state’s broader economic aspirations.
