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Adani, Welspun to set up logistics parks in Hyderabad

01
Feb '19
Courtesy: Adani
Courtesy: Adani
India’s Adani Group and the Welspun Group are setting up logistics parks on Hyderabad’s outskirts for which both have acquired land, Jayesh Ranjan, principal secretary for information technology and industries in Telangana state, said at the national executive committee meeting of the Federation of the Indian Chambers of Commerce and Industry in the city.

The Welspun Group has earmarked 100 acres for the logistics park out of the 600-acre parcel of land that it has acquired in the Ranga Reddy district, a news agency report quoted Ranjan as saying.

The Adani Group has acquired 25 acres a short distance away from the site of its unmanned aerial vehicles manufacturing facility at Shamshabad, which it has set up in joint venture with Israeli player Elbit Systems at an initial investment of $15 million, he said. (DS)

Fibre2Fashion News Desk – India


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