Booming export and import trade, which has strengthened the growing economy is expected to transform the face of Indian logistics.
Observing this trend Apollo Tyres Limited, the 3,000 crore tyre major is planning to foray into the transportation and logistics business.
The company is setting up a cargo Container Freight Station (CFS) and is also planning to acquire a third party logistics firm to get into this business.
It will also offer inventory management, distribution centres, cold storage and other logistics related activities.
Apollo Tyres will invest Rs150 crore for this set up which will spread over 60 acres at Panvel near a premier container port Jawaharlal Nehru Port Trust (JNPT).
The CFS will have a capacity to handle 2,50,000 twenty-foot equivalent unit (TEU) boxes in a year.
Over the next three–four years Apollo has plans to expand the logistics business by setting up CFS's in other locations of India.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
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