Ex­pand­ing ware­house ca­pac­ity in 6 states

Cargo Talk - - Cargo News -

Agri-lo­gis­tics firm Shree Shub­ham Lo­gis­tics is ex­pand­ing its foot­prints by adding around 350,000 tons of ca­pac­ity to its ware­houses in six states, in­clud­ing Ut­tar Pradesh, Delhi, Ker­ala and Andhra Pradesh.

The company is in­vest­ing 2 bil­lion ( US$ 33 mil­lion) to ex­pand its ware­hous­ing port­fo­lio across the coun­try in 2015. The company al­ready has 600,000 tons of ware­hous­ing ca­pac­ity in Ra­jasthan, Gu­jarat, Ma­ha­rash­tra and Mad­hya Pradesh states.

Aditya Bafna, Shree Shub­ham Lo­gis­tics pro­moter and Ex­ec­u­tive Di­rec­tor said, "We will be en­ter­ing the south­ern states for the first time."

Ac­cord­ing to Nabard, the de­mand-sup­ply gap within ware­hous­ing is es­ti­mated to in­crease from 12.04 mil­lion tons in 2013 to 12.30 mil­lion tons in this year.

Among that gap, six mil­lion tons would be in eight states led by Ut­tar Pradesh hav­ing short­fall of 1.78 mil­lion tons.

Bafna fur­ther said adding that at least 120 mil­lion ($1.99 mil­lion) in­vest­ment is needed to set up a five-acre ware­hous­ing fa­cil­ity that can store about 20,000 tons.

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