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The policy aims at generating revenues worth around ₹30,573 crore ($3.64 million) over the next five years.
The policy, formulated based on recommendations from the state’s economic advisory council, focuses on reducing logistics costs by 4-5 per cent from the current 14-15 per cent, minimising logistics time, implementing green initiatives to reduce carbon emissions and utilising technologies like blockchain, artificial intelligence and intelligent logistics management systems.
It also aims at promoting green logistics parks, sustainable designs and modal shifts, while attracting domestic and foreign investment to establish Maharashtra as a global logistics hub.
It foresees a substantial growth in the sector over the next decade and is expected to create nearly 5,00,000 jobs, according to media reports from the state.
A ₹1,500-crore global mega logistics hub will be developed on 2,000 acres in the Navi Mumbai-Pune area, adjacent to the new international airport in Panvel. This will connect with industrial estates like Taloja, Patalganga, Rasayani, Khopoli, Mahad, Roha, Chakan and Talegaon.
The ₹1,500-crore Nagpur-Wardha national mega logistics hub will be set up across 1,500 acres, linked to the Balasaheb Thackeray Maharashtra Samruddhi Mahamarg.
A provision of ₹2,500 crore has been made for the five other logistics hubs in the state.
Regional hubs will be developed on 300 acres each in Nanded-Deglur, Amravati-Badnera, Kolhapur-Ichalkaranji, Nashik-Sinnar and Dhule-Shirpur. These hubs will receive a total of ₹1,500 crore.
Multi-purpose logistics parks will be set up in urban areas like Thane, Mumbai and Pune.
Micro, small and medium enterprises within and outside logistics parks will receive various incentives, including interest subsidies, stamp duty concessions, technology improvement assistance and industrial-rate electricity.
The Maharashtra Maritime Board, the Jawaharlal Nehru Port Authority, the Mumbai Port Trust, the State Road Development Corporation and the Maharashtra Airport Development Company had a role to play in the formulation of the policy.
Fibre2Fashion News Desk (DS)