Nepal is starting the construction of its first third-party logistics warehouse. The announcement was made by Upaya, a growing logistics company, during a program held in Kathmandu.
Where will Logistics Warehouse be built?
The new warehouse will be built near Nepal Police School in Banepa.
How big will Upaya be?
The warehouse will cover about 18 ropani of land, equal to 100,000 square feet. It will have modern facilities to support advanced logistics services.
When will it be ready?
The company has set a goal to complete and fully operate this warehouse by the end of 2026.
How much investment is involved?
The project will have a total investment of NPR 1.20 billion. A consortium loan of NPR 950 million has been arranged with Citizens Bank International as the lead bank, in partnership with Machhapuchchhre Bank.
Why is this warehouse important?
Ganesh Raj Pokharel, CEO of Citizens Bank International, said that modern warehouse infrastructure is necessary in Nepal. He believes this project will make a significant contribution to Nepal’s logistics sector.
Who will benefit from this warehouse?
The warehouse will provide services to various industries, including:
- Fast-moving consumer goods (FMCG)
- E-commerce
- Retail businesses
- Electronics
- Clothing and garment industry
- Footwear businesses
- Pharmaceuticals
- Parts suppliers
This project marks the beginning of a new chapter in Nepal’s supply chain and logistics development. Businesses across different sectors are expected to benefit from faster, more efficient, and modern logistics solutions.