December 3, 2020

Bengal authorities planning to grant business standing to logistics sector – enterprise information

The West Bengal authorities is considering to grant business standing to the state’s USD 20 billion logistics sector for seamless improvement of varied infrastructure initiatives, an official stated on Saturday.

The state is engaged on framing a logistics coverage and it might require about Rs 1,000 crore to implement it within the brief time period, the official informed PTI.

The Union authorities too has been formulating a nationwide coverage aiming to scale back logistics value from the current 14 per cent of Gross Home Product to lower than 10 per cent by 2022.

“The standing of business will assist the logistics sector easily develop infrastructure. The conversion of agricultural land to develop logistics associated infrastructure can be simpler. Having access to land banks, state funding, incentives and single window help can even be simpler,” the official stated.

On the proposed logistics coverage, he stated, “The West Bengal authorities might have a funding requirement of USD 120- 150 million (Rs 1,000 crore approx) to put the preliminary groundwork to implement it within the brief time period.”

The authorities have prompt to arrange a nodal company, Logistics Growth Council, with illustration from each the business and the federal government, for implementing the coverage, the official stated.

The state can be considering to earmark 500 acre of land for logistics improvement, out of which 100 acre could also be introduced out from rehabilitated land with multimodal connectivity.

West Bengal is uniquely poised in its positioning because it has the benefit of multimodal logistics capabilities akin to water, roads and railways, state Finance Minister Amit Mitra had stated final week.

The state authorities has primarily recognized 5 distinguished areas – Tajpur, Dankuni, Malda, Siliguri and Durgapur – which have the potential to emerge as logistics hubs catering to industrial areas positioned inside 100-150 kilometre.

The state authorities encourages the event of a “Freight Village” in Sankrail on the outskirts of Kolkata the place contiguous land parcel of over 100 acre is offered with multimodal connectivity, sources stated.

The state will discover tapping worldwide funding businesses to enrich its personal budgetary allocations for logistics sector improvement, they stated.

The West Bengal authorities anticipates a funding want for the event of the sector over the subsequent 1015 years to completely implement the initiatives below this coverage.

The West Bengal authorities can even give impetus on ability improvement to create job alternatives for ladies within the sector. PTI BSM NN NN