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

The Gujarat government in January signed a Memorandum ...

There will be a 90 lakh sq feet warehouse zone with facilities such as air freight station, grade-A warehouse, cold storage among others in the park. The warehouse will have 38 lakh sq feet space for textile, bulk, e-commerce, nine lakh sq ft space for bonded warehouse, four lakh grade-A palatized facility and 60,000 temperature controlled palletized facility. Against 3.3 lakh capacity, a container yard in this park will have four handling lines with TEU (20-feet equivalents).

The park will have three lakh square feet of space for business and skill development centre. The Central government has sanctioned Rs 2 lakh crore for setting up of multi-modal mega logistics parks in 34 cities of the country. Cities like Vijayawada, Chennai, Nagpur, Bengaluru, Surat, Hyderabad and Gauhati are selected among others. Six cities of Gujarat are selected, Ahmedabad, Vadodara, Surat, Bharuch, Valsad and Kandla, where these projects will be set up on a Public Private Partnership (PPP) model. 60 percent of the cargo in the country is transferred via road. The transportation cost is 14 percent of the GDP in the country, which the Central government wants to bring down to 7 per cent.