Allcargo to set up new logistics park in Chennai

Allcargo Logistics Ltd is looking for land in Chennai to set up a warehousing-cum-logistics park.

Avnash Iyer, vice president and regional head — south and east, CFS, Allcargo, said, “We are proposing to set up a logistics park with a container freight station (CFS) and a distribution centre.”

The top official of the integrated logistics solutions provider added: “We need a land parcel of 25-30 acres and this would be in addition to our existing facility of 25 acres.”

According to Iyer, the deal would be finalised over the next six months and the facility would start functioning about six months thereafter. The total cost is pegged at Rs 150 crore.

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