Tata Group cos to invest Rs 2,000 cr to set up logistics parks
Tata Group firms Drive India Enterprise Solutions and Tata Realty and Infrastructure plan to set up logistics parks across the country with an investment of Rs 2,000 crore which will mark their foray into the sector.
By PTI |
NEW DELHI: Tata Group firms Drive India Enterprise Solutions and Tata Realty and Infrastructure plan to set up logistics parks across the country with an investment of Rs 2,000 crore which will mark their foray into the sector.
The two companies would set up 7-8 logistics parks with a total warehousing space of 38.5 million sq ft in the next four to five years, Drive India Enterprise Solutions CEO Ajay Chopra told reporters here today.
"Tatas intend to enter this space (logistics and warehousing) to effectively exploit the emerging landscape and become a market leader in this space.
"While Tata Realty and Infrastructure (TRIL) will make an investment of Rs 2,000 crore and set up infrastructure at the parks, Drive India will be the service provider in these parks," he said.
However, he declined to give details on how TRIL would raise the proposed investment.
The companies would set up parks in Gurgaon, Kolkata and Nagpur initially. Another one would be built in the vicinity of either Hyderabad or Chennai, he said.
The two companies would set up 7-8 logistics parks with a total warehousing space of 38.5 million sq ft in the next four to five years, Drive India Enterprise Solutions CEO Ajay Chopra told reporters here today.
"Tatas intend to enter this space (logistics and warehousing) to effectively exploit the emerging landscape and become a market leader in this space.
"While Tata Realty and Infrastructure (TRIL) will make an investment of Rs 2,000 crore and set up infrastructure at the parks, Drive India will be the service provider in these parks," he said.
However, he declined to give details on how TRIL would raise the proposed investment.
The companies would set up parks in Gurgaon, Kolkata and Nagpur initially. Another one would be built in the vicinity of either Hyderabad or Chennai, he said.
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