February 2021 \ Business & Investment \ BUSINESS AND GOVERNANCE
Adani inks pact for largest logistics park

The Gujarat government in January signed a Memorandum ...

The Gujarat government in January signed a Memorandum of Understanding (MoU) with the private infrastructure company, Adani Port & SEZ Ltd., to set up the country’s largest multi-modal logistics park at Sanand with an estimated investment of Rs 50,000 crore.

The proposed 1,450 acre park will have a dedicated air cargo complex with 4.6 km long runway to handle even large sized cargo aircraft and will offer direct air, rail and road connectivity. It will also have a provision of direct rail connectivity with a dedicated freight corridor which is part of the Delhi-Mumbai Industrial Corridor (DMIC).

It will have potential to generate direct and indirect employment for 25,000 persons. According to the state government, the project will be completed in a phased manner in three years as the work will commence within six months after obtaining required clearances and permissions.