India, July 28 -- The Yamuna Expressway Industrial Development Authority (Yeida) has allotted 26 acres to a Jammu & Kashmir-based private firm to build a logistics park and warehouse, officials said on Sunday.

The authority, on Friday, issued a Letter of Intent (LoI) to Shri Katyayani Metal Private Limited for the project, which will see an investment of around Rs.1,000 crore.

"This project aligns with the authority's larger plan to strengthen cargo and logistics infrastructure around the greenfield airport in Jewar, where a dedicated cargo terminal is also being developed," said Yeida's chief executive officer RK Singh on Sunday.

Cargo flights are expected to operate from day one of the airport's launch, creating a strong demand for i...