Gateway Distriparks Ltd (GDL) plans to invest Rs.26 crore in expansion of its warehousing facility in the Dronagiri special economic zone at Nhava Sheva in Maharashtra. This would be the third phase of development of GDL’s facility.

GDL’s warehousing facility, spread over an area of over 30,000 square metres, includes cargo handling equipment for storage, transport and retrieval of cargo and a computerised network for warehouse and inventory. GDL handles over 7,500 TEUs of import / export cargo every month. Phase III of the project would enhance the capacity to over 14,000 TEUs per month.

GDL has been promoted by a consortium of Singapore-based companies – Thakral Corporation, Windmill International and Parameswara Holding – along with an Indian firm – Newsprint Trading and Sales Corporation. GDL caters to the logistics needs of leading shipping lines, freight forwarders, cargo consolidators and logistics companies.

Meanwhile, Infrastructure Development Finance Company (IDFC) has picked up 21 per cent stake in GDL.