Telangana Inc hails logistics policy, expects it to boost industrial growth

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With the state cabinet giving its nod to the policy, Telangana Inc expects the policy to give a fillip to the overall industrial Growth in the state.

Lauding the policy, the Federation of Telangana Chambers of Commerce and Industry (FTCCI) said it expects that with better logistics Infrastructure the competitiveness of pharmaceuticals, engineering, Biotechnology, electronics manufacturing and E-Commerce can be enhanced. With the creation of Pharma City, Hyderabad will emerge as a logistics hub for life-sciences as well as other related industries. Telangana government is also actively pursuing a large number of theme-based industrial hubs like biotechnology, electronics, aviation, seeds, Food Processing, textiles, furniture and leather. All these parks and hubs require integration with logistics infrastructure,

As per the state

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logistics policy, Telangana will focus on development of a robust logistics infrastructure by encouraging investors to park funds in the development of multi-modal logistics parks (MMLPs), integrated logistics parks and large-scale storage infrastructure facilities across the state.

As per the policy, the government will be offering incentives for setting up of warehouses of capacity greater than 1 lakh sft and cold storage capacity greater than 20,000 sft.