With two warehouses already operational, Allcargo plans three more warehouses which will be coupled with third party logistics services
Allcargo Global Logistics Ltd plans to have three more warehouses operational in the next 18 to 20 months. The company recently entered the warehousing space, with two warehouses already operational.
“In the next 18 to 20 months, we would see two to three more warehouses up and operational,” said Ashit Desai, director of corporate affairs, Allcargo Global Logistics Ltd.
Last year, the company had announced its plans to set up more warehouses in various parts of India. The logistics company has land banks across Nagpur, Indore, Hyderabad and Bengaluru. It plans the warehousing and third-party logistics projects in Bengaluru, Nagpur and Indore.
“We have been acquiring land now for the past three to four years, and now we have a sizeable amount of land in hand of about 250 acres at all these locations across India put together,” said Mr Desai.
The total investment in each warehouse planned has been pegged at around Rs5 crore to Rs10 crore.
Along with the planned warehouses, the company will also have its Inland Container Depots (ICDs) operational in the next 18 to 20 months.
“In the ICD business, as we have land in Nagpur, Hyderabad and Bengaluru, we will plan ICDs in these places,” said Mr Desai.
Allcargo already has two warehouses operational in Goa and Mumbai. “In the Goa warehouse, we are offering third-party logistics services to one of our customers in the white goods sector. The project has been operational for a year’s time now and is doing quite well,” said Mr Desai.