The new Warehousing and Logistics Policy, 2022, finally got its approval from the UP cabinet on Thursday, December 22, 2022. Once implemented, it would be effective for five years thereafter. The new policy aims at fast-tracking the land allotments, providing incentivizing schemes, and accelerating the infrastructural developments in the logistics sector, including the establishment of logistics enclaves and parks. Not only this, but it is also expected to have the provision of providing front-end and back-end services to eligible stakeholders.
When delving deep into the new policy, logistics infrastructure facilities would be covered under three major categories: storage facilities (such as warehouses and cold chain facilities), multi-model parks, and inland container depots, container freight stations & dry ports.
One of the government spokespersons said, “The policy is formulated to develop a logistical ecosystem in the state to create an international business environment in the state. It is decided that the projects with approved packages with respect to incentives under the 2018 policy would be authorised to avail benefits under it even after the implementation of the new policy.” The official added, “It aims to create a strong transport infrastructure network, upgrade and improve the existing warehousing and logistics infrastructure, encourage the integrated development of logistics services in the state, and reduce logistics costs and improve efficiency. It would also focus on attracting private investments in setting up logistics facilities, promoting excellence among the workforce, skill improvement, and capacity building to meet the needs of the logistics industry.”