Apollo LogiSolutions (ALL), a fully owned subsidiary of Apollo International,
has earmarked Rs 1,300 crore to have pan-India presence of its logistics
business by 2015.
The proposed investment plan is to be funded through internal accruals and
debt. ALL plans to set up at least 9-10 container freight stations (CFS) and
inland container depots in India by 2015.
The company is likely to set up two CFS by July 2011. In 2009, the company
set up its first CFS at Panvel, in Navi Mumbai in Maharashtra, at an investment
of Rs 120 crore.
Meanwhile, ALL has formed a JV with the Toronto based Spire Group to
construct and operate temperature controlled warehouses in India. The JV
initially proposes to set up and operate temperature-controlled facilities at
the Panvel facility and later, at other places across India.