UP Cabinet approves new state Warehousing and Logistics Policy, 2022

Yesterday the UP Cabinet approved the new state Warehousing and Logistics Policy, 2022, which will be effective for the next five years. The Policy will guide the development of a better logistics ecosystem in Uttar Pradesh and create an environment conducive to international business. It includes provisions for fast-track land allotment for logistics parks, development of specified logistics enclaves as well as an incentive scheme.

It was decided that the projects with approved packages, with respect to incentives under the 2018 policy, will be authorised to avail benefits under it even after implementation of the new policy.

A government official said the new policy aims to create a strong transport infrastructure network, upgrade and improve the existing warehousing and logistics infrastructure, encourage integrated development of logistics services in the state and to reduce logistics costs and improve efficiency.

It also aims to attract private investment in setting up logistics facilities, promote excellence among workforce, skill improvement and capacity building to meet the needs of logistics industry, he added.

Under the incentive scheme, the policy would cover logistics infrastructure facilities under three heads — storage facilities such as warehouses and cold chain facilities, multi-model parks, inland container depots, container freight stations including logistics parks and dry ports including air freight stations, then there is a provision to provide attractive equipment and incentives by classifying other facilities such as truck layout, private freight terminal and inland vessel etc.

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