: 200 integrated logistics parks to come up across 21 major cities with investment commitment of 30,000 crore #finance #StockMarketNEWS 200 integrated logistics parks to come up across 21 major cities

200 integrated logistics parks to come up across 21 major cities with investment commitment of 30,000 crore #finance #StockMarketNEWS
200 integrated logistics parks to come up across 21 major cities with investment commitment of 30,000 crore New Delhi, 20 Dec (KNN) Consumer supply-chain firm Steller Value Solutions is setting up 200 integrated logistics parks in 50-million sq ft space across 21 major cities with an investment commitment of INR30,000 crore in 4-5 years, a top official of the company told media.

The new facilities will cater to the increased demand for warehousing as customers are expecting deliveries of their shipments at the drop of a hat, its Chairman and Managing Director Anshuman Singh said.

The company, which already has 40 such facilities across the country, and opened earlier this week its first warehousing hub in Punjab, is also aiming to achieve Rs 10,000 crore topline by FY 2026 on the back of an expected higher economic growth, more business shifting to organised sector from unorganised players and new-age economy as well as e-commerce boom, he said as reported by The Economic Times.

Spread across 6-lakh sq ft space and strategically located on Banur-Tepla Road, the new warehousing infrastructure offers built to suit options, catering to both domestic and multinational companies from sectors such as FMCG, pharmaceutical, fashion, retail and e-commerce, consumer durables, food, engineering, automotive and various industrial sectors.

"The warehousing hub in Punjab, which will be operational in the next 90 days, is part of our plans to offer high-end, very large infrastructure consisting of 50 million sq ft of grade A+ warehouse in 21 major cities across 200 integrated logistics parks in the country, connected with 50,000 trucks in 3-4 years," Singh told PTI in an interaction.

"This 50 million sq ft grade A+ infrastructure combined with 50,000 Grade A+ transportations systems will require an investment of Rs 30,000 crore," said Anshuman Singh .

This investment works along with world-class technology, solution and designing, which help in bringing down both costs and time for deliveries.

Stating that Rs 30,000 crore is the Stellar Value Chains "committed investment," he said most of this would come from developers and vendor partners.

The company is open to raise funds from all available instruments, including debt, equity as well as through public listing, adding: "we have, however, not yet firmed up any plan" Anshuman Singh added.

"The way companies are hitting the bourses, this option (getting listed) is also into our consideration. It will, however, not happen in the immediate future," said Singh.

Noting that in the last 5-6 years the supply chain has dramatically evolved, particularly with e-commerce coming into play, he said customers expectations have gone up amid e-food and e-grocery shipments now getting deliveries in as short a time as 10-minutes, making the overnight deliveries not good enough.