Kerala Greenlights Logistics Park Policy to Boost Investment and Infrastructure

Kerala's government approved the Logistics Park Policy to enhance the state's logistics sector through private investment and public-private partnerships. Large-scale and mini-logistics parks will be established with necessary infrastructure. A single-window clearance system and various subsidies will facilitate the setup and operation, aiming for economic growth and job creation.

In a major development for Kerala's logistics sector, the state government on Wednesday sanctioned the Logistics Park Policy, enabling the creation of both large-scale and mini-logistics parks via private investment and public-private partnerships.

Under the policy, as approved by the Cabinet led by Chief Minister Pinarayi Vijayan, large-scale logistic hubs can be set up on a minimum of 10 acres of land, featuring essential infrastructure such as cargo handling and inter-modal transfer facilities. Mini-logistics parks will require five acres.

Moreover, a single-window clearance system will streamline the process for setting up these logistics parks. Offering a capital subsidy of up to Rs 7 crore for large parks and Rs 3 crore for mini-parks, the policy also exempts stamp duty and registration fees, encouraging private and joint ventures. The policy supports Kerala's extensive transport infrastructure, aiming to attract foreign investment and generate employment.

(With inputs from agencies.)