Gati plans more investment in warehouses

Distribution and supply chain solutions major Gati, which has already invested Rs 250 crore for setting up warehouses in the past two years, is planning to expand further in the coming months.

The company in the last two years has invested Rs 250 crore for setting up of four lakh sq ft warehouse space in the country, Shok Chanda, an executive of the company, told reporters here.

"We have four milion sq ft of warehouse space and are hoping to put similar kind of space" he said, adding th company is evaluating their investment plans and may decide during the next six to 12 months.

As of now, the company has a 150,000 sq ft of warehouse in Hyderabad, which is considered to be one of the largest warehouse, he said.

The company, which already provides various kinds of connectivity across the country is also looking at options in starting a new parcel express train service between Mumbai and Guwahati.

"We are examining a new parcel express train service from Mumbai to Gauwahati (via Kolkotta) and currently are looking for the options available through Indian Railways for it," he said.

Shok Chanda was here to officially announce the launch of its first custom built ship-MV Gati Pride by company's shipping division Gati Coast to Coast.