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Sree Kailas Group plans to expand logistics park business - 2012-06-18

Shri Kailash Logistics Ltd (SKLL), the new venture of the Kochi-based Sree Kailas Group, plans to expand its logistics park business.

SKLL, which has recently completed the Phase-1 of its logistics park at Oragadam, on the outskirts of Chennai, consisting a modern warehouse and a 25,000 sq ft commercial complex, plans to set up a 50-acre logistics park in close proximity to the Chennai-Kolkata highway, primarily to cater to FMCG companies. The company is also contemplating setting up similar parks in Coimbatore, Bangalore, Pune and Kochi. Mr S. Giridhar, Managing Director, SKLL, told Business Line that the company has plans to invest Rs 320 crore in expanding its logistics business.

The company, which has already completed 3,25,000 sq ft of warehousing space at Oragadam, will make the investment to expand its warehousing business under its ‘Logicity' brand by adding another seven lakh sq ft, he said. Around 2,50,000 sq ft area has already been leased out to leading multinational automobile companies such as Nippon Express India and Toyota Tsusho. Negotiations are on to lease out a third warehouse which is nearing completion, he said. To further cater to the growing demand, the company is embarking on the Phase-2 of this park on 49 acre with a total of 1 million sq ft of warehousing space. This includes temperature-controlled warehouses, 100,000 sq ft of cold storage and 1,00,000 sq ft of custom-bonded warehouse, container yard and knowledge and training centre. In the Oragadam logistics park, Mr Giridhar said the company has provided common infrastructure facilities such as spacious roads for diagonal movements of 40-feet containers, uninterrupted power supply, IT and communication connectivity, high-end round-the-clock security, water supply, drainage network and landscaped greenery and gardens.

The park is located on the Vandalur-Wallajabad six-lane highway with connectivity to the Chennai-Bangalore highway.

Source : Hindu Business Line