The City and Industrial Development Corporation (CIDCO) has initiated the bidding process for the first phase of its Integrated Logistics Park (ILP) in Navi Mumbai, covering 925 acres at Pushpak Node. This project is one of the largest logistics infrastructure developments in the Mumbai Metropolitan Region (MMR), aimed at enhancing warehousing, cargo handling, and distribution capabilities. CIDCO is leasing 174 acres of land across 12 plots in this phase, with a base lease rate of ₹24,711 per square meter, approximately ₹10 crore per acre. The park's strategic location near the Jawaharlal Nehru Port and the upcoming Navi Mumbai International Airport positions it as a vital multimodal logistics hub. Notable participants in the pre-bid meeting included major players like Blackstone-owned Horizon Industrial Parks and DP World, reflecting a robust investor appetite for modern logistics assets. The successful bidder will be tasked with designing, financing, and maintaining the logistics facilities, which will support various operations including warehousing and customs-bonded logistics. This initiative aligns with the Indian government's goals of reducing logistics costs and enhancing supply chain efficiencies, while also promising to create employment opportunities in the region.