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The Hindu Business Line

Avvashya Logistics to invest Rs400 cr to expand warehouse capacity to 10 million sq ft

Avvashya CCI Logistics Pvt Ltd, a unit of Mumbai-listed Allcargo Logistics Ltd, will invest Rs 400 crore by 2022 to expand its warehousing capacity to 10 million sq ft as the Goods and Services Tax regime drives consolidation in the logistics industry, a top company official said.
“We have 3.5 million sq ft of operating facility across the country. By 2022, we are looking to grow it to 10 million sq ft which will require an investment of about ?400 crore,” V Balaji, CEO — Contract Logistics, Avvashya, told BusinessLine.
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