Bengal Shristi plans to set up logistics hub

KOLKATA: Kolkata-based Bengal Shristi Infrastructure Development is planning to set up an integrated warehousing logistics hub at Raniganj in South Bengal.

Spread over 24 acres along National Highway II, the facility will have 1.35 lakh square feet (sq.ft.) warehouse space. This apart, it will also offer office space, hotel accommodation and entertainment facilities. While the entire project will entail an investment of nearly Rs 90 crore, an estimated Rs 40 crore will be invested to develop the warehouses. The hub is expected to accommodate 125 trucks at a time.

Christened ' Raniganj Square', the hub will cater to the transporters and travellers passing through NH-II and Delhi-Howrah rail route, according to Sunil Jha, CEO, Bengal Shristi. A 50:50 joint venture between Bengal Shristi and Asansol Durgapur Development Authority (ADDA), the logistics park is likely to be operational in the next two years. ADDA will pro-vide the land for the project.

The highway hub will have 60-room multi-facility hotel, in association with Sarovar Portico. A shopping mall with multiplex and dhaba are also proposed to come up at Raniganj Square. "We are also planning to bring in retail stores like Metro Cash and Carry, Walmart," Jha pointed out

Once the logistics park becomes fully operational, the company is likely to develop additional warehouse capacity over the next couple of years, Jha added.