Multiple companies vying to set up Rs 1,200 cr. multimodal logistics park in Noida

 

Adani Ports & Special Economic Zone (APSEZ), Super Handlers and Empezar Logistics are reportedly vying to set up a 174-acre multimodal logistics park in Greater Noida with an investment of at least Rs 1,200 crore, said Mr Nand Gopal Gupta Nandi, Minister for Industrial Development in UP, who also holds the portfolios of Export Promotion, NRI, and Investment Promotion, as per reports. The Greater Noida Industrial Development Authority (GNIDA) had earlier invited bids to give the land on lease for 90 years for setting up the park. The facility will comprise cargo handling yards, warehousing centres, a skill development centre, and various logistics services for cargo terminal operations. The logistics park is near the upcoming Noida International Airport and has easy access to the eastern and western dedicated freight corridors. It is also close to the CONCOR-operated dry port that handles container storage and processing, the reports said.

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