Our projects would demonstrate our strong execution capability to deliver high class infrastructure projectsApeejay Infralogistics (AILPL), a 50:50 JV of Apeejay Surrendra Group and the UK-based PE fund-Eredene Capital, seems well set to come up with its second logistic park in the east-Kalinganagar Logistic Park. The two logistic parks promise to provide one-stop facility for dry exim (export-import) cargo and manage the entire supply chain logistics of clients.
The LSE-listed PE fund actually has an agreement with the Kolkata-headquartered Apeejay Group to develop nine infrastructure and logistics projects across the country. The British PE fund is looking at raising USD 200-USD 300 million from overseas markets to meet its investment requirement for the Indian infrastructure sector.
Mr. Karan Paul, Chairman of over INR 6000 crore Apeejay Surrendra Group, has said that the first phase of Haldia Logistic Centre, thrown open recently, would house container freight station to handle over 4000 containers and would include 60,000 square feet for exim bonded warehouse. While the Haldia unit has entailed an investment of INR 200 crore, the Kalinganagar unit will come up with a capital outlay of INR 50 crore, he said.
Mr. Paul stated that the Haldia property spread over 90 acres is the first park in the eastern region, which has Container Freight Station (CFS) facility, state-of-the-art domestic warehouses (80,000 square feet), hardstand storage, open yard storage (240,000 square feet) and weighbridge facility along with other modern facilities.
The 30-acre Kalinganagar Park will house 120,000 square feet of domestic and contract warehousing and 175,000 square feet of open storage and project cargo. The Kalinganagar complex will have a capacity to handle over 2,500 containers for export-import and will have covered warehouse of over 250,000 square feet in addition to hospitality, commercial and retail space.
Mr. Ranveer Sharma, Managing Director, Eredene Capital, pointed out: “Our projects will provide a first class infrastructure with superior service and will play a key role in development of logistics infrastructure initially in the eastern region. Over the years Apeejay Surrendra Group and Eredene have developed a deep working relationship and our projects would demonstrate our strong execution capability to deliver high class infrastructure projects.”
Designed as gateways, through which companies can manage their entire supply chain logistics, the first two logistics parks would provide multi-functional facilities for storage, distribution, transportation, ancillary support services and trade facilitation, all under one roof for end-to-end logistical support. Both are world-class facilities, complying with the best industry standards, catering to third party logistics needs and focused on outstanding service, concluded Mr. Paul.
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