Allcargo plans to invest Rs 1,000 crore in logistics park development

Allcargo is also developing multimodal logistics park in Jhajjar, Haryana

Allcargo Logistics, part of the Avvashya group, has no plans to set up more container freight stations or inland container depots. The company said it would focus on developing logistics parks that is witnessing growing demand.

“Today, there are sufficient container freight stations and inland container depots, and we do not need to put up more. We are up to the brim in this segment. Logistics park is the future,” Prakash Tulsiani, an executive director and CEO, told Business Standard. “Lack of rail capacity is increasing road cargo activities and, hence, we need to have logistic parks for the first- and