Published On:April 20 2019
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Allcargo plans to invest Rs 1,000 crore in logistics park development.

Allcargo Logistics, part of the Avvashya group, has no plans to set up more container freight stations or inland container depots. The company said it would focus on developing logistics parks that is witnessing growing demand.

“Today, there are sufficient container freight stations and inland container depots, and we do not need to put up more. We are up to the brim in this segment. Logistics park is the future,” Prakash Tulsiani, an executive director and CEO, told Business Standard. “Lack of rail capacity is increasing road cargo activities and, hence, we need to have logistic parks for the first- and last-mile delivery,” he said.

In container freight stations segment, Allcargo operates in the major container ports at JNPT-Nhava Sheva, Chennai, Mundra and the recently-commissioned facility in Kolkata. With this, the company's container freight stations are present in ports that handle over 80 per cent of India’s containerisation. Its total segment capacity is 500,000 TEUs at present.

BS





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