Adani Ports, others in race to set up Greater Noida Logistics Park
Adani Ports
& Special Economic Zone, Super Handlers, and Empezar Logistics are vying to set up a 174-acre
multimodal logistics park
in Greater Noida with an investment of at least ₹1,200 crore, said a minister in the Uttar Pradesh government.
The
Greater Noida Industrial Development Authority
(GNIDA) had earlier invited bids to give the land on lease for 90 years for setting up the park. The facility will comprise
cargo handling
yards, warehousing centres, a skill development centre, and various
logistics services
for cargo terminal operations. "The project will create at least 5,000 jobs and speed up freight movement. We are examining all the proposals, and a decision will be taken soon," said Nand Gopal Gupta 'Nandi', minister for industrial development in UP, who also holds the portfolios of Export Promotion, NRI, and Investment Promotion.
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He said the state government is working on several projects to develop industries across UP and to further improve the ease of doing business.
The proposed logistics park, Gupta said, is in line with the state's multi-modal logistics park policy 2024. The policy offers several incentives for investors.
The logistics park is near the upcoming Noida International Airport and has easy access to the eastern and western dedicated freight corridors. It is also close to the CONCOR-operated dry port that handles container storage and processing.
The 'Scheme for Allotment of Plot for Development of Multi Modal Logistic Park at Greater Noida' entails a minimum investment of ₹1,200 crore, excluding land cost. The project has been approved under the Greater Noida Master Plan 2041.
The allotment of 174.1 acres of contiguous land at Kappa II sector in Greater Noida will be made on a leasehold basis for a 90-year period from the date of execution of the lease deed. The application, along with the requisite documents, will be scrutinised by a screening committee before it is finalised by an allotment committee.
According to industry analysts, leasing activity in warehousing is likely to remain buoyant in 2025, driven by demand from ecommerce, third-party logistics firms, FMCG and retail sectors. Developers are also boosting supply in peripheral zones of major metros, backed by institutional capital and growing demand for compliant, efficient warehousing stock.
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