Maharashtra Cabinet Approves Maharashtra Logistics Policy 2024
The Maharashtra Cabinet, under the leadership of Chief Minister Eknath Shinde, has given its stamp of approval to the Maharashtra Logistics Policy 2024. This landmark policy is expected to have a significant impact on the state’s logistics sector, with projections of generating approximately Rs 305.73 billion in revenue over the next five years.
Boosting Economic Growth with Innovative Strategies
Formulated based on the recommendations from the State Economic Advisory Council, the Maharashtra Logistics Policy aims to achieve remarkable growth over the next decade. With a strong emphasis on improving efficiency and reducing costs, the policy sets forth several objectives that will pave the way for advancements in the logistics industry.
Creating Jobs and Attracting Investment
The implementation of the Maharashtra Logistics Policy is projected to create around 5,00,000 direct and indirect jobs. This influx of employment opportunities will not only significantly impact the state’s economy but also bolster the overall development of the logistics sector.
Moreover, the policy aims to attract both domestic and international investments, with the goal of positioning Maharashtra as a global logistics hub. By streamlining processes and incorporating cutting-edge technologies, such as blockchain, artificial intelligence, and advanced logistics management systems, the state government aims to make logistics operations smoother and more efficient.
