Maharashtra Government Approves Logistics Policy 2024

The Maharashtra government has approved the Logistics Policy 2024, aimed at revolutionizing the state’s logistics infrastructure and generating approximately 500,000 job opportunities. The policy includes the development of over 200 logistics parks, complexes, and truck terminals equipped with advanced facilities.

Key Objectives

Infrastructure Development: Establish more than 10,000 acres of dedicated logistics infrastructure.

Logistics Hubs: Create 25 district logistics nodes, five regional logistics hubs, five state logistics hubs, one national logistics hub, and one international logistics hub.

Technological Integration: Promote high-tech logistics through Artificial Intelligence (AI), Blockchain technology, robotics, automation, IoT, digitization, drones, and fintech to create tech-savvy jobs.

Major Projects

International Mega Logistics Hub: To be developed in the Navi Mumbai-Pune region on 2,000 acres, linked to the new international airport at Panvel, with a budget of ₹1,500 crore.

National Mega Logistics Hub: Located in the Nagpur-Wardha area on 1,500 acres, connected to the Mumbai-Nagpur Expressway, with an allocation of ₹1,500 crore.

State Logistics Hubs: Five hubs covering 500 acres each in Chhatrapati Sambhajinagar-Jalna, Thane-Bhiwandi, Ratnagiri-Sindhudurg, Pune-Purandar, and Palghar-Wadhawan, with ₹2,500 crore allocated.

Regional Logistics Hubs: Five hubs covering 300 acres each in Nanded-Degloor, Amravati-Badnera, Kolhapur-Ichalkaranji, Nashik-Sinnar, and Dhule-Shirpur, with a budget of ₹1,500 crore.

Goals and Incentives

Cost Reduction: Aim to lower logistics costs by 4-5%, compared to the current 14-15%.

Operational Efficiency: Reduce logistics operation time and carbon emissions through green initiatives.

Incentives: Provide financial incentives such as interest subsidies, stamp duty exemptions, and technology improvement support for the first 100 logistics parks in each district.

Strategic Approach

Integrated Logistics Master Plan: Focus on optimal use of existing and upcoming logistics networks, strengthening infrastructure, and enhancing multi-modal connectivity.

Urban Solutions: Designate urban or suburban areas with at least 20,000 square feet of built-up space and a minimum investment of ₹5 crore as ‘Multi-Storey Logistics Parks’.

Collaborations and Consultations

The policy was formulated with inputs from various bodies including the Maharashtra Maritime Board, Jawaharlal Nehru Port Authority, Mumbai Port Trust, Maharashtra State Road Development Corporation, MMRDA, CIDCO, and the Maharashtra Airport Development Company.