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Mitsui to set up Rs5,000 cr logistics park

Business

Japanese firm Mitsui & Company has plans to set up an integrated logistics park in Haryana at an investment of Rs5,000 crore.

The company has signed a memorandum of understanding (MoU) with Haryana State Industrial & Infrastructure Development Corporation (HSIIDC) and IL&FS Infrastructure Development Corporation for the park.

The investment comes at an appropriate time considering that it will create employment for about 10,000 persons directly and indirectly.

To be spread over 1,500 acres of land, the main components of the project would include transportation, logistic infrastructure, industry and manufacturing support for high-end manufacturing, information and services, utilities like power generation and energy conservation.

While the authorities have yet to decide on the location of the project, a location study survey is expected to be conducted within a month or two. The study will take into consideration all the aspects of feasibility like contiguity, connectivity, and access to water.

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