UP’s new logistics policy offers incentives for investments over ₹1,000 crore.
In a move to boost investments in logistics, Uttar Pradesh’s state cabinet, led by Chief Minister Yogi Adityanath, has approved the Multi-Modal Logistics Parks (MMLP) Policy 2024. The policy introduces special incentives for projects exceeding ₹1,000 crore in investment. Eligible companies must be listed in the Fortune Global 500 or Fortune India 500 at the time of application or commit to ₹100 crore in foreign direct investment in the state.
Key benefits include a 30 percent upfront land subsidy on government-allocated land and 100 percent stamp duty exemption for leased land. Additionally, applicants will be exempt from development fees, which will be covered by development authorities.
With India’s logistics sector projected to grow from $215 billion in 2020 to $360 billion by 2032, the policy aims to position Uttar Pradesh as a hub for seamless supply chain operations and global connectivity.
