Kerala State cabinet gave clearance to Kerala logistics park policy on Wednesday. According to a statement from chief minister’s office, it is essential to formulate a specific policy for the logistics sector, which has numerous investment opportunities, including foreign investments, and can create substantial employment opportunities.
According to the policy, large logistics parks spread over at least 10 acres and mini-logistics parks on five acres can be established.
These parks will include essential infrastructure components such as cargo handling, intermodal transfer facilities, internal road networks, dormitories and medical centers.
A logistics coordination committee, led by the chief secretary, will be formed under the policy. A state logistics cell, led by the industry department principal secretary, will also be established to implement a logistics action plan. Additionally, city logistics coordination committees will be formed to develop logistics infrastructure at the urban level.
The policy also provides for a single-window clearance system for logistics and mini-logistics parks. A capital subsidy of up to Rs 7 crore for a logistics park and up to Rs 3 crore for a mini-logistics park will be available. Stamp duty and registration fees will be waived when acquiring or leasing land for logistics and mini-logistics parks. The policy enables the logistics and mini-logistics parks to be established through public-private partnerships or entirely in the private sector.