Gateway Distriparks Ltd (GDL) today said it has completed construction of the first phase of logistics park and container freight station (CFS) next to the Krishnapatnam port container terminal.
"GDL has invested Rs 90 crore in the first phase... The total land bank available is 48 acres which can be further utilised to expand capacity in future," the company said in a statement.
Eyeing trade and business growth in Andhra Pradesh, Telangana, Karnataka and northern Tamil Nadu, the logistics park will offer comprehensive supply chain solutions through a CFS, warehousing and temperature controlled storage.
Ishaan Gupta, Joint MD, GDL, said: "The company sees this region as playing a key role for its growth plans, and we are happy to announce our fourth CFS in this region to support the local trade. We will continue to invest here further, through both GDL and Snowman Logistics, to maintain a high quality offering and increase capacities in future."
The CFS at Krishnapatnam port, which is strategically located between Chennai and Visakhapatnam ports, is the company's seventh such facility in India.
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