CCI Group to invest ₹640 cr for development of logistics park
In a significant move to enhance its presence in the logistics sector, CCI Group has announced plans to invest around ₹640 crore in the development of a Grade-A logistics park spanning 20 lakh sq ft in Phase 2, Polivakkam, Chennai. This follows the company’s earlier investment of ₹250 crore in Phase 1. With this, CCI Group has now allocated a total of ₹890 crore towards the Polivakkam logistics hub.
The logistics park, which is expected to be completed by 2024, will cater to the growing demand for warehousing and logistics services in the region. The park will feature state-of-the-art facilities, including high-tech security systems, fire safety measures, and environmentally friendly infrastructure. The park will also have a dedicated team to provide customized logistics solutions to its clients.
CCI Group’s decision to invest in the logistics sector is a testament to the growing importance of e-commerce and the increasing demand for efficient logistics services. The company’s strategy is to create a comprehensive logistics ecosystem that can cater to the needs of various industries, including e-commerce, pharmaceuticals, and automotive.
The Polivakkam logistics park is strategically located, with proximity to the Chennai International Airport and the Port of Chennai. This makes it an ideal location for companies looking to establish a strong presence in the region. The park will also have easy access to major highways, making it an attractive option for companies looking to distribute their products across the country.
The logistics park will offer a range of services, including warehousing, transportation, and supply chain management. The company will also provide value-added services, such as packaging, labeling, and inventory management. The park will be equipped with the latest technology, including automated storage and retrieval systems, to ensure efficient and accurate inventory management.
CCI Group’s investment in the logistics sector is expected to create employment opportunities and stimulate economic growth in the region. The company has already established a strong presence in the region and has a team of experienced professionals who are well-versed in the logistics industry.
The logistics sector has been growing rapidly in recent years, driven by the growth of e-commerce and the increasing demand for efficient logistics services. The sector is expected to continue to grow in the future, driven by the growing demand for online shopping and the increasing complexity of global supply chains.
CCI Group’s decision to invest in the logistics sector is a significant development for the industry. The company’s investment is expected to create a new standard for logistics services in the region and will provide a platform for companies to establish a strong presence in the region.
In conclusion, CCI Group’s decision to invest ₹640 crore in the development of a Grade-A logistics park in Phase 2, Polivakkam, Chennai is a significant move that is expected to create a new standard for logistics services in the region. The company’s investment is expected to create employment opportunities and stimulate economic growth in the region.
Source: https://www.logisticsoutlook.com/warehouse/cci-group-logistics-park
