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Gateway Distriparks plans Rs.250 crore for port development

Tuesday, 04 Oct 2005
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Gateway Distriparks, is planning to invest Rs.250 crore over the next 3-4 years for port development activities, cold chain business and complete logistics solutions.

The company also plans to set up a greenfield CFS in near Jawaharlal Nehru Port Trust (JNPT) at the cost of Rs.100 crore in three phases in addition to the existing facility.

The company is in talks with international port terminal operators for developing a minor port in the country.

Meanwhile, Gateway Distriparks is also looking out for strategic partners to launch a series of cold chain across the country beginning from Punjab.

The company is also looking to team up with a competent company which would be able to deliver complete logistics solutions.

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