Latest news with #MayurMaheshwari
Indian Express
16-07-2025
- Business
- Indian Express
Warehousing and logistics policy: Chief secy chairs panel's 1st meeting
The first meeting of the Empowered Committee constituted under the Uttar Pradesh Warehousing & Logistics Policy-2022 was convened on Wednesday under the chairmanship of Chief Secretary Manoj Kumar Singh. In the meeting, the proposal to issue Letters of Comfort (LOC) to two private investors was approved. The investors will be provided with a capital subsidy of Rs 4.89 crore and Rs 4.90 crore. UPSIDA CEO Mayur Maheshwari said that under the policy, UPSIDA has so far allotted Unique IDs to 20 companies for a total investment of Rs 1,416 crore across the state. All these projects are under progress. Among these, proposals have been presented to issue Letters of Comfort to two companies. As per the Uttar Pradesh Warehousing & Logistics Policy-2022, to be eligible for subsidy, a minimum investment of Rs 20 crore in a storage facility covering at least 1 lakh sq ft is mandatory. Upon fulfilling the eligibility criteria, a capital subsidy of 15% of the investment (up to a maximum of Rs 5 crore) is provided.
Time of India
15-07-2025
- Business
- Time of India
₹9cr subsidy to 2 warehousing projects in UP
Lucknow: The state govt decided to issue 'letters of comfort' to two private investors under the UP Warehousing and Logistics Policy 2022. The decision was made in the first meeting of the empowered committee constituted under the said policy. Tired of too many ads? go ad free now Chaired by chief secretary Manoj Kumar Singh, the committee decided to provide a capital subsidy of Rs 4.89 crore to OWM Logipark Varanasi LLP, besides approving a capital subsidy of Rs 4.90 crore to KMRA Associates LLP, Unnao. OWM Logipark Varanasi LLP set up a storage facility (warehouse) project with a capital investment of Rs 33.29 crore on 8.94 acres of land at village Bihra, Tehsil Rajatalab in Varanasi. KMRA Associates LLP invested Rs 44.58 crore on 12 acres of land at village Rasoolpur, Tehsil Hasanganj in Unnao. "This step is significant for boosting investments in the logistics and warehousing sector in Uttar Pradesh and establishing the state as a leader in industrial development," said Mayur Maheshwari, chief executive officer, UPSIDA. He also stated that so far, UPSIDA allotted Unique IDs to 20 companies for a total investment of Rs 1,416 crore across the state. All these projects are currently in progress. Among these, proposals were presented to issue 'letters of comfort' to two companies. The meeting was attended by principal secretary, IT and electronics Anurag Yadav, secretary, infrastructure and industrial development, Vijay Kiran Anand, besides other senior officials.
Indian Express
25-06-2025
- Business
- Indian Express
Infra overhaul projects underway in Sahibabad industrial area: UPSIDA
The Uttar Pradesh State Industrial Development Authority (UPSIDA) has been developing several civic infrastructure projects in Sahibabad industrial area of Ghaziabad, a statement said on Wednesday. According to the statement, the overhaul projects will include the construction and upgrade of roads, drains, culverts and industrial entry gates. Sahibabad, one of the state's largest industrial hubs, spans 1,679 acres and was under the maintenance of the Municipal Corporation since the 1980s. However, administrative control was officially transferred to UPSIDA in April this year. UPSIDA has prepared a comprehensive action plan for drainage and allied works in collaboration with IIT experts, the statement said. Landscape architects and design specialists have also been roped in to guide the transformation. As part of this effort, works worth Rs 51.28 crore have either been completed or are currently underway. Additional projects worth Rs 94.86 crore have been proposed, with a special focus on upgrading the Saurya Urja Marg (Solar Energy Road) — a key route that links Delhi and Uttar Pradesh. Key projects in progress include construction of cement concrete roads, reinforced concrete cement drains, paver blocks, culvert construction near the Bridge Vihar railway line, and desilting of existing drains to boost industrial drainage, the statement said. Upgradation of roads and drainage systems across several sectors, as well as the construction of two industrial entry gates, is also underway. UPSIDA CEO Mayur Maheshwari said, 'UPSIDA is implementing several civic infrastructure projects in the Sahibabad Industrial Area. Our objective is to build an industrial ecosystem that is seamless, accessible, and modern—providing a conducive environment for investors and positioning Uttar Pradesh as a leading state in 'Ease of Doing Business.''
Indian Express
20-06-2025
- Business
- Indian Express
Stakeholders gather at UPSIDA-CII meeting on logistics & supply chain
The Uttar Pradesh State Industrial Development Authority (UPSIDA) and Confederation of Indian Industry (CII) organised Uttar Pradesh Logistics and Supply Chain Summit-2025 in Noida on Friday. The summit focused on future strategies, investment, opportunities, and digital transformation in the logistics and supply chain sector, said a statement. The event brought together stakeholders from logistics, multimodal infrastructure, and supply chain sectors, including industry leaders, policymakers, and innovators. Mayur Maheshwari, CEO of UPSIDA, said Uttar Pradesh is transitioning from traditional e-commerce to mobile commerce (m-commerce). Pranay S Garg, MD of Advance Valves and former chairman of CII Western UP Zonal Council, mentioned that India's logistics and transportation sector is poised for large-scale growth. He estimated that by 2050, logistics demand would reach 15.6 trillion ton-km, necessitating deep coordination between the government, industry and service providers. Mahesh Munjal, chairman of CII Western UP Zonal Council, said that supply chains and logistics are no longer limited to transactional roles — they are now strategic pillars of business success in a highly competitive environment. Under the Industrial Investment & Employment Promotion Policy 2022, the UP government is encouraging private sector participation in developing industrial parks. Investors can now establish parks on their own land and receive various incentives, said the statement.
Time of India
20-06-2025
- Business
- Time of India
‘UP set to pushkey biz sectors'
Lucknow: Highlighting the growth story of Uttar Pradesh, chief executive officer of UP State Industrial Development Authority (UPSIDA) Mayur Maheshwari on Friday said that the per capita income of the state has doubled in the past 7-8 years. S peaking during the third edition of UP Logistics and Supply Chain Summit 2025, organized by UPSIDA and CII in Noida, Maheshwari said, "UP has embarked on a transformative journey from being a land of potholes to having 50% of the access-controlled expressways. The per capita income of UP doubled in the past 7-8 years. In terms of infrastructure, Noida has one of the best infra set-ups, even better than its NCR twins. " He added that big industry players like AB Mauri and Ashoka Leyland set up the largest and latest units of yeast and EV manufacturing in UP. "India has 65% dependence on API and bulk drugs from China, and keeping this in mind, the UP govt is building the largest sponsored bulk drug and API manufacturing plant in Lalitpur," he said. CEO, Invest UP, Shashank Chaudhury said: "The state's new policies will give a big push to key sectors like warehousing and logistics, which are critical for future growth. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thị trường có dấu hiệu suy thoái không? IC Markets Đăng ký Undo Backed by major initiatives like PM Gati Shakti, UP did a remarkable job in strengthening its infrastructure, making it a preferred destination for industries and investors." Pranay S Garg, former chairman of CII Western UP Zonal Council, said that logistics demand was expected to reach 15.6 trillion ton-km by 2050, and a strong collaboration among govt, industry, and service providers would be required. Chief strategic officer, Transport Corporation of India Ltd, Jasjit Sethi, said that logistics was the invisible backbone of development — but in UP, the backbone should be brought into the spotlight. The summit witnessed deliberations on sessions including UP's Logistics Vision 2030 for Building a One Trillion Economy Backbone and Unleashing the Future of Supply Chain with a focus on the Digital Transformation of Logistics.
