Greater NOIDA to become hub of multi-modal logistics

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Lucknow, Oct 21 | The region of Greater Noida Industrial Development Authority in Uttar Pradesh’s Gautam Buddha Nagar is all set to become a hub of world-class multi-modal logistics.

The Multi-Modal Logistics Hub (MMLH) and Multi-Modal Transport Hub (MMTH) is to be built in Greater Noida with an investment of Rs 7,725 crore.

This is mainly because of the connectivity of the Integrated Industrial Township to Jewar Airport.

When the airport becomes functional, the multi-modal transport hub and multi-modal logistics hub will also be connected to the Jewar airport. DMIC Integrated Industrial Township Greater Noida Limited (DMIC-IITGNL) has prepared a plan for these three projects which is ready to be implemented soon. These three projects will be connected not only to the country but to all the countries of the world through airports.

According to the government spokesman, this investment in this sector will not only give world-class recognition to Noida but will also provide employment to more than two lakh people.

Senior officials of the Industrial Development Department said that three major projects are being developed under the Delhi Mumbai Industrial Corridor (DMIC) in Greater Noida.

The first is an integrated township, the second is a multi-modal transport hub and the third is a multi-modal logistics hub.

Prime Minister Narendra Modi recently gave a new impetus to these three projects of Greater Noida by linking them with Gati Shakti Yojana.

A blueprint has been prepared to connect these three projects with Jewar Airport. These three projects will be inter-connected. Two routes have been suggested to connect them with the airport.

The first route will be connected to the GT Road with the logistic hub. For this, about 2.5 km of road will be widened on GT Road near the logistics hub. It is proposed to make six lanes from the existing two lanes.

A new authority, Integrated Industrial Township of Greater Noida Limited (IIT GNL), has been formed in Greater Noida for this project.

According to Narendra Bhushan, CEO, IIT GNL, with the development of Integrated Industrial Township, Multi-modal Transport Hub and Multi-modal Logistic Hub, employment opportunities will also flourish.

These three projects are expected to provide direct employment opportunities to about two lakh youth, while the figure will be even higher if indirect employment is added. The Integrated Township has been developed by DMIC Integrated Industrial Township Greater Noida Limited, a joint venture of DMIC and Greater Noida Authority, on an area of about 750 acres.

So far, five big companies are setting up their plants in this township. These include Haier Electronics, Formi Mobiles, Sanskriti Infotainment, Chenfeng (LED company) and J World Electronics. Many more companies are ready to come here. The DPR of the multi-modal transport and logistics hub has been sent to the government. As soon as the approval is received, its tender will also be taken out and work will be started. The target is to develop a transport and logistics hub in the next three years. This will change the look of the surrounding area.

Along with this, land of eight villages, Dadri, Junpat, Chitehra, Kathera, Palla, Pali, Bodaki and Thapa Kheda, is being taken for the proposed Multimodal Transport Hub and Multi-Modal Logistic Hub near Bodaki in Greater Noida. Both these projects will be developed on a stretch of 478 hectares.

Besides, railway terminals, local and inter-state bus stands and metro connectivity will be developed under a multi-modal transport hub.

Railway has also given a green signal on this. Most of the trains going towards the East will run from here. This will reduce the pressure of trains at Delhi, New Delhi and Anand Vihar Terminals and will eliminate the dependence of the residents of Gautam Buddha Nagar, Bulandshahr, Aligarh, Ghaziabad districts on the railway station in Delhi.

The existing Noida-Greno Metro route is to be expanded to a multi-modal transport hub. Local buses will also be run from the transport hub.

Source: IANS

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Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Share Market Closing Bell: Nifty ends below 16,100, Sensex falls 303 pts

Dalal Street found no relief with incessant sell off during the month. Nifty traded on a bearish note and ended at 16025.80 with loss of 99.35 points or 0.62 percent following weak global cues on Wednesday. While Banknifty closed at 34339.50 on the higher side with marginal gain of 49.35 points.

bhaskarlive market closing

The weakness in US stocks is playing out globally with signs of higher inflation, which has spoiled investors’ appetite for the Indian market as well. Rising India VIX to 25.28 has led Indices to big intraday swings on both sides. Sectorally maximum sectors closed on the negative side as Nifty IT and Nifty Media sheds more than 3 percent each. While Nifty Financial Services ended on a positive side gaining 0.68 percent.

In nifty stocks, NTPC, HDFCLIFE, SBILIFE were the top gainers while ASIANPAINT, ADANIPORT and TECHM were the prime laggards. Coming to the OI Data, on the call side highest OI witnessed at 16200 followed by 16300 strike price while on the put side, the highest OI was at 15800 strike price. Technically, Nifty has formed three black crow patterns in the daily chart suggesting bearishness would remain intact. We expect a rise in volatility as well on monthly expiry day.

Riding against the trend may not be beneficial for short term traders. All major moving averages are lying above 16300 levels. Indicators such as MACD and RSI are still struggling to overcome the oversold zone in the daily time frame. Overall, Nifty is having support at 15800 mark while on the upside 16300 may act as an immediate resistance for monthly expiry. While Banknifty has support around 33500 while resistance is placed at 35200 on the daily chart.

Om Mehra
Research Associate
Choice Broking

Source: Choice India

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