Minister KTR laid foundation stones for 2 logistic parks

Hyderabad, Oct 7: The Telangana Minister for Municipal Administration and Urban Development KT. Rama Rao has laid foundation stones for the two 40-acre new logistic parks at Batasingaram and Mangalpalli here on Friday.

While speaking on the occasion, he said 10 more parks would come up around the city, which has the potential to become the logistics hub of India.

He said the proposed parks would be multimodal ones, integrating air, road and rail connectivity.

The minister said Hyderabad, which was centrally located, was well positioned to become logistics hub of the country. The city has a world-class airport and is the leading pharma exporter. He said e-commerce companies like Amazon and Flipkart were also developing their largest fulfillment centers in Hyderabad.

Mr.Rama Rao said a new regional ring road of 340 km would be developed around Hyderabad. The government plans to lay 65 spike roads connecting Outer Ring Road (ORR) to the proposed regional ring road and 35 radial roads to connect ORR to the inner ring road.



Two railway terminals are also coming up at Cherlapally and Nagulapalli on the city outskirts.

Citing the global consultants' report, he said the logistics would be $307 billion market in India by 2020.

The Hyderabad Metropolitan Development Authority (HMDA) is developing the two projects over 62 acres in public-private partnership mode.The two parks are coming up at a total cost of Rs 55 crore.

Scheduled to be completed in three years, the two parks together will have parking capacity for 750 trucks, three lakh sq.feet warehouse, and 15,000-metric tonne cold storage capacity.