BUSINESS

Four logistics parks identified

Tata Realty & Infrastructure has identified four locations — Chennai, Delhi, Kolkata and Guhawati — for setting up logistics parks. The company had made a business plan for setting up 14 logistics parks across the country at an investment of Rs. 1,400 crore. It would be investing Rs. 200 crore in Chennai, Delhi and Kolkata. Sanjay G. Ubale, Managing Director and Chief Operating Officer, Tata Realty, said there might be more than one logistics park in a single city depending on the demand. Each park would come up on an average area of 25 acres.

The company was also planning to enter the rail transport system and would participate in the bids coming up in mono and metro rail systems in Bangalore, Mumbai, Delhi and Ahmedabad.

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