Maharashtra signs ₹5127 crores MoU for developing multimodal logistics hubs
The Hindu
Maharashtra government partners with Blackstone to develop modern logistics and industrial parks, attracting FDI and creating job opportunities.
Maharashtra government and Blackstone Group’s X-Space Logistics Parks and Horizon Industrial Parks signed a Memorandum of Understanding (MoU) in the presence of Chief Minister Devendra Fadnavis, with aim to develop modern logistics and industrial parks in major industrial and multimodal logistics hubs across the State.
The MoU involves developing over 10 modern industrial and logistics parks in Maharashtra, spanning across 794.2 acres of land with a built-up area of 1.85 crore square feet. It will attract a total foreign direct investment (FDI) of ₹5,127 crore and create 27,510 direct and indirect employment opportunities, as per the CMO.
The logistics parks will be developed various regions, including Nagpur, Bhiwandi, Chakan, Khandwa, Sinnar, and Panvel. The projects implemented will be environmentally friendly, digitally enabled, and employment generation oriented, aligning with the Maharashtra Logistics Policy 2024.
“The partnership will create world-class industrial and logistics hubs in Nagpur, Mumbai and other locations, enabling a robust infrastructure for manufacturing, warehousing, and supply chain excellence in India,” said Mr. Fadnavis.
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