Industry Status to Warehouses & Logistics: Greater Noida

The Greater Noida authority gave industry status to warehouses and logistics’ businesses in line with the Uttar Pradesh warehouses and logistics rules, 2018 with an aim to encourage setting up of industries and attract investment to fuel growth in this region. The decision was taken during the 119th board meeting that took place at the authority’s Sector Knowledge Park-IV office, under Alok Tandon, who is the chairman for the authority and also the state’s infrastructure and development commissioner. Earlier, the warehouses and logistics’ businesses were not considered ‘industrial businesses’, thereby affecting the investment prospects in Greater Noida, which was established as an industrial city under the UP Industrial Act 1976. After this change in rules, the businesses of warehouses and logistics would enjoy relaxations in Greater Noida’s building bylaws 2010 and would be able to use 60% ground coverage in their respective buildings, said officials. “Now, interested investors would be able to set up warehouses and logistics’ parks on industrial plots in Greater Noida. The move will attract investment into warehouses and logistics’ parks from domestic and international investors. To attract investment, we have changed the permissible floor area ratio from existing 1.00 to 3.00 and the board has approved this proposal. Now, the proposal will be sent to the state government for approval,” said Deep Chandar, additional CEO of the Greater Noida authority.