The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi has given the given the go-ahead for investments to the tune of Rs 7,725 crore for setting up a multi-modal logistics and transport hub at Greater Noida in Uttar Pradesh and industrial corridor nodes at Krishnapatnam in Andhra radish and Tumakuru in Karnataka.

According to an official statement, the logistics and transport hub at Greater Noida on the outskirts of Delhi will be set up at an estimated cost of Rs 3,883.80 crore while the proposals for construction of various trunk infrastructure components for Krishnapatnam and Tumakuru will entail an investment of Rs 2,139.44 crore and Rs 1,701.81 crore, respectively. Minister of Information and Broadcasting Prakash Javadekar said the proposals will generate employment for more than 2.8 lakh persons.

The Greater Noida hub will be developed as a world-class facility that will provide efficient storage/transitioning of goods to/from the Dedicated Freight Corridors (DFC) and offer a one-stop destination to freight companies and customers, the official statement said. The facility will not only provide standard container handling activities but also provide various value-added services to reduce logistics cost with improved efficiency of operations, it added.

The multi-modal transport hub project located near the already existing Indian Railways station of Boraki will act as a transport hub with provisioning of rail, road and MRTS accessibility for the passengers in a seamless manner.

It will have space for inter state bus terminal, local bus terminal, metro, commercial, retail and hotel space and green open spaces. “The project will provide world-class passenger movement facilities for the growing population of the catchment zone catering to upcoming developments in Uttar Pradesh, sub-region of the NCR and thus, decongest Delhi,” the statement added..