Thane, Apr 22 (PTI) The City and Industrial Development Corporation (CIDCO) has announced to develop an Integrated Logistics Park (ILP) in Navi Mumbai with an objective to transform the region into a key
logistics hub of national importance.
The corporation has earmarked approximately 374 hectares of land near Chirle Village in Pushpak Node for the project, which will be inclusive of essential infrastructure, social amenities, common facilities, and utility networks.
"The logistics sector in India is witnessing rapid expansion, driven by the growth of e-commerce, manufacturing, and global trade. In this evolving landscape, Navi Mumbai is emerging as a key logistics hub," according to a release issued by CIDCO.
It cited Navi Mumbai's strategic proximity to Jawaharlal Nehru Port Authority (JNPA), the Navi Mumbai International Airport (NMIA), and strong connectivity through major infrastructure projects such as the Mumbai Trans Harbour Link (MTHL), the proposed Multi-Modal Corridor, and the Dedicated Freight Corridor.
Vice Chairman and Managing Director of CIDCO, Vijay Singhal, stated that CIDCO aims to create a future-ready ecosystem through the Logistics Park that will facilitate efficient movement of goods, attract investments, and support economic growth.
"The pilot phase is a significant step towards unlocking this potential and establishing Navi Mumbai as a logistics hub of National importance," he added.
The CIDCO has launched a pilot initiative by inviting Expressions of Interest (EOI) through a competitive bidding process for 12 plots. PTI COR NSK
