New Delhi (NVI): Union Cabinet, chaired by Prime Minister Narendra Modi, today approved a multi-modal logistics and transport hub (MMTH) at Greater Noida in Uttar Pradesh with a view to making India a strong player in the global value chain.
The Cabinet has also approved a proposal to set up industrial corridor nodes at Krishnapatnam and Tumakuru under CBIC, according to a statement released by Cabinet Committee on Economic Affairs (CCEA).
“The proposals have a total estimated cost of Rs 7,725 crore and an estimated employment generation of more than 2.8 lakh persons,” the statement added.
Multi Modal Logistics Hub (MMLH) & Multi Modal Transport Hub (MMTH) Projects at Greater Noida, U.P. are in close proximity to Eastern peripheral expressway, NH91, Noida- Greater Noida Expressway, Yamuna Expressway, Eastern & Western Dedicated Freight Corridors.
Logistics Hub project will be developed as a world-class facility that will provide efficient storage/transitioning of goods to/from the Dedicated Freight Corridors (DFC) and offer a one-stop destination to freight companies and customers.
The facility will not only provide standard container handling activities but also provide various value-added services to reduce logistics cost with improved efficiency of operations.
These projects will position India as a strong player in global value chains with developed land parcels in cities for immediate allotment for attracting investments, said Minister of Information and Broadcasting Prakash Javadekar.
The projects have been planned on the backbone of multi modal connectivity infrastructure. Krishnapatnam Industrial Area in Andhra Pradesh and Tumakuru Industrial Area in Karnataka under Chennai Bengaluru Industrial Corridor (CBIC) have been approved to kick start the development in Chennai Bengaluru Industrial Corridor Project.
These greenfield industrial cities will be self-sustained with world-class infrastructure, road and rail connectivity for freight movement to and from ports and logistic hubs along with reliable power and quality social infrastructure.
It will generate ample employment opportunities through industrialisation. For Krishnapatnam node, estimated employment projection on completion of the first phase of development is likely to be around 98,000 persons of which about 58,000 persons are likely to be employed at the site.
For Tumakuru node, employment of about 88,500 persons is estimated, out of which 17,700 persons will be from service industries such as retail, offices and other commercial opportunities in the initial development phase.