Maharashtra's Logistics Policy approved: Shaping the Future

The Maharashtra Logistics Policy 2024 aims to generate ₹30,573 crore in revenue over five years and create 500,000 jobs. Key objectives include reducing logistics costs, reducing time for operations, and reducing carbon emissions.

Overview of Maharashtra Logistics Policy 2024

Logistics Policy approved by the Maharashtra Cabinet led by Chief Minister Eknath Shinde
Based on recommendations from the State Economic Advisory Council
Logistic Policy aims to generate ₹30,573 crore in revenue over five years
Expected to create approximately 500,000 direct and indirect jobs
Designed to guide development over the next ten years

Key Objectives and Infrastructure Development

Reduce logistics costs from 14-15% to 9-10% of the state's GDP
Decrease time required for logistics operations
Reduce carbon emissions through green initiatives
Develop over 10,000 acres of dedicated logistics infrastructure by 2029

Establish various logistics hubs across the state:

- International Mega Logistics Hub (2,000 acres, Navi Mumbai-Pune region, ₹1,500 crore budget)
- National Mega Logistics Hub (1,500 acres, Nagpur-Wardha area, ₹1,500 crore budget)
- Five State Logistics Hubs (500 acres each, ₹2,500 crore total budget)
- Five Regional Logistics Hubs (300 acres each, ₹1,500 crore total budget)
- 25 District Logistics Nodes

Technological Integration and Sustainability

Incorporate advanced technologies such as blockchain, artificial intelligence, and IoT
Implement intelligent logistics management systems
Promote green logistics parks and sustainable design
Encourage the use of multimodal transport to reduce carbon footprint
Provide incentives for high-tech logistics adoption, including robotics and drone technology

Incentives and Support for Logistics Development

Financial incentives for the first 100 logistics parks in each district
Interest subsidies to reduce loan costs
Stamp duty exemptions to lower property transaction expenses
Technology improvement support
Electricity provided at industrial rates
Ease of business facilitation measures

Special provisions for urban areas:

- Designation of 'Multi-Storey Logistics Parks' in space-constrained cities
- Minimum 20,000 square feet built-up area and ₹5 crore investment required

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