Leasing out of AAI land measuring 1500 sqm. To M.P. Warehousing Logistics Corporation for establishing Centre for Perishable Cargo at Indore airport

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Capital Market
Last Updated : May 19 2016 | 12:01 AM IST
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for leasing out of Airports Authority of India (AAI) land measuring 1500 sqm. to M/s. M.P. Warehousing Logistics Corporation (MPWLC) for establishing the Centre for Perishable Cargo (CPC) at Indore airport, Indore as per the resolution made by AAI Board.

This Centre will be a state of art facility exit point for perishables from the State of transit airports. It will provide a world class facility under one roof to cater to all requirements of the traders and maintain the quality of produce. This facility is to be created by MPWLC under PPP mode.

The creation of Centre for Perishable Cargo is expected to cater to the employment needs of the local population and has significant employment potential. A total number of 113 persons will be required to manage the CPC.

Background:

The State Government of Madhya Pradesh has brought out that the CPC is proposed to be set up at Devi Ahilya Bai Airport, Indore. The move comes in the backdrop of huge demand of export of pharmaceuticals, poultry products and horticulture products in Malwa region of Madhya Pradesh.

The leasing out of the land will enable State Government of Madhya Pradesh to promote its agriculture and Horticulture sector by establishment of Centre for Perishable Cargo at Indore airport.

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First Published: May 18 2016 | 12:13 PM IST

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