MUMBAI: The State-run Maharashtra Industrial Development Corporation (MIDC) has proposed the development of logistics hubs in six corridors comprising Nagpur-Wardha, Jalna-Aurangabad, Chakan-Talegaon-Hinjewadi-Ranjangaon, Khalapur-Taloja, Shahpur and Tarapur over the next two years.

The Government expects an investment of over Rs 20,000 crore in the proposed logistic hub.

The first of such hub will come up at Chakan within a year. Apart from Indian companies, investors from China, Singapore and Indonesia have already evinced interest to invest in the upcoming logistics hubs.

State Industries Minister Subhash Desai said, "With a strong and conducive integrated logistic hub policy in place, MIDC is in the process of setting up of six logistic hubs across the State.''

MIDC will develop logistics hubs in its own industrial estates and also play a role of planning authority and nodal agency for the development of these hubs. MIDC will provide the trunk infrastructure such as water, roads and electricity and land while the funds will come from Indian and foreign investors.

MIDC Chief Executive Officer P Anbalagan said, "MIDC is coming up a logistics hub on 500 acres at Chakan and another at Talegaon on 500 acres and it is in the process of land acquisition. The allotment of land should complete in the next two to three months and actual work will commence in three months. Within a year part of the logistic hub will be commissioned in Chakan. This apart, MIDC has got land at Bidkin, which falls in Delhi Mumbai Industrial Corridor, on ''build to suit'' model and the proposed logistics hub will house warehousing, assembling and engineering. Another logistic hub is proposed near Jalna.'' He said MIDC is engaged in the land acquisition for Wardha Nagpur corridor where already JNPT is setting up a Dry Port.

In the Khalapur-Taloja- Navi Mumbai corridor, MIDC is in the midst of acquisition of 1,000 acres of which 500 acres is proposed for logistic hub and 500 for engineering. He said the Singapore based Ascendas is setting up a logistics hub at Chakan on 100 acres. MIDC has already inked MoU with the company.