Lucknow, May 15 -- Invest UP and the Lucknow Division of Indian Railways signed a memorandum of understanding (MoU), at Lok Bhawan, on Wednesday. The move aims to strengthen Uttar Pradesh's logistics and industrial infrastructure and promote private investment in warehousing and logistics by allowing investors to lease railway land at concessional rates. Under the MoU, logistics sector investors can lease railway-owned land at 1.5% of the prevailing industrial or circle rate for 35 years. The land will be used for building warehouses, with provision that at least one leg of goods movement (raw material or finished goods) be conducted via the railways. "The agreement supports the goals of the Uttar Pradesh Warehousing & Logistics Policy, 2022, which aims to reduce logistics costs and attract large-scale private investment. The policy offers a range of incentives including stamp duty exemptions, capital subsidies, and electricity duty waivers for eligible projects," read a government release. Officials also discussed integrating railway land data into the PM Gati Shakti National Master Plan Portal, enhancing accessibility and transparency for potential investors. The collaboration highlights the state's commitment to building a modern, multimodal logistics ecosystem....