Firm looking for JV partner for logistics park

Amritsar-based Shore to Shore Logistics India Ltd, a group company of Khanna Paper Mills Ltd (one of the leading manufacturers of duplex board and writing and printing paper in India) is in talks with leading private equity players for setting up a Rs 100-crore warehouse-cum-logistics park and an inland container depot (ICD) in Amritsar. The company would be setting up this project in a joint venture (JV) either with a private equity player or a logistics player.

“We are in talks with some of the leading private equity players for setting up a warehouse-cum-logistics park and an ICD in Amritsar. The upcoming logistic park may be developed in a JV with a private equity player or a logistics player. At the moment we are open to ideas, we are even contemplating to put it up on a built, operate, transfer (BOT) basis,” said Suneet Kochhar, managing director, Shore to Shore Logistics India Ltd. For the proposed project, the company has already acquired about 50 acres of land in Amritsar.

The company has got necessary clearances from the concerned departments. The project will take atleast 15-16 months to come up with the project once the JV company has being finalised.

Kochhar added, “This would be the first of some more logistics parks to come in India from our company. At first, we are planning to set up a logistics park in Amritsar followed by Gujarat and other parts of the country. The park shall be one of its kind having an ICD of its own. It will cater to domestic as well as international movements. There shall be provision of all supporting activities such as loading – unloading, custom clearances, packing–lashing, specialised and customised movement by all modes of transport and cold storage. All the agencies involved like shipping lines, banks, warehouses, Customs, Logisticians shall be under one roof.”

On being asked about the turnover, he said, “Last financial year, we did a turnover of Rs 275 crore and this financial year we are targeting to achieve a turnover of Rs 400 crore from the logistics alone.”

It is worth noting the company provides a range of domestic and international transportation and logistics services that allows clients to choose the context that works best for their strategy, from targeted third party support to turn-key managed logistics. He added the company brings to the market – the knowhow, experience, network, technology and range-enables to capture supply chain advantage and achieve sustainable savings.