Latest news with #ShaktiMasterPlan
Hans India
4 days ago
- Business
- Hans India
Karikad identified for world-class logistics hub under state's new industrial policy
Mangaluru: The Karnataka government has identified Karikad near Mangaluru as the site for a proposed multimodal logistics park that will support the state's freight movement and export-driven industries. This move comes under the Industrial Policy 2025–2030, aimed at creating world-class infrastructure for industrial growth. Speaking during a site visit on Thursday, Dr. S. Selvakumar, Additional Chief Secretary, Commerce and Industries Department, said that the location was strategically chosen for its connectivity to New Mangalore Port, railways, and highways. 'This is part of Karnataka's vision to improve logistics efficiency and reduce the cost of doing business,' he said. The park will be designed to handle a wide range of freight and will include warehousing, cold storage, and container handling facilities. It is expected to benefit sectors such as agriculture, manufacturing, and pharmaceuticals. The government team included officials from KIADB, New Mangalore Port Authority, and other logistics experts, who assessed site readiness and infrastructure potential. The park is likely to be integrated into the PM Gati Shakti Master Plan, which aims to create a seamless multi-modal transport network across the country. Officials said steps are being taken to expedite approvals and begin land acquisition. The logistics park is expected to generate employment, attract public-private partnerships, and improve the state's competitiveness in the global supply chain.
Time of India
28-05-2025
- Business
- Time of India
41-km Ratlam-Nagda section to be 4-lined at cost of Rs 1,018 crore
Indore: To significantly boost Railways' line capacity and ensure seamless, faster transportation of passengers and goods, including that in Madhya Pradesh, the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi on Wednesday approved two major multi-tracking projects--- Ratlam-Nagda 3rd and 4th line, at a cost of Rs 1,018 crore and Wardha- Balharshah 4th line in Maharashtra. "The 4-lining of Ratlam-Nagda railway line is part of the PM Gati Shakti Master Plan. The 41-km Ratlam-Nagda section will be 4-lined at a cost of Rs 1,018 crore and the project's completion time is three to four years. Ratlam, as a key junction, connects in four directions: North-Nagda, South-Vadodara, East-Indore, and West-Chittorgarh, while the 4-lining will help connectivity with west coast ports for MP, UP, and Delhi," Ratlam railway divisional PRO Khemraj Meena said. "These initiatives are set to improve travel convenience, reduce logistics costs, decrease oil imports, and lower carbon dioxide emissions, thereby strengthening sustainable and efficient rail operations. The projects will also boost logistics efficiency by increasing line capacity on crucial routes for transporting containers, coal, cement, agricultural products, and other goods," Meena said.
