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Arshiya to set up warehousing zone in Mumbai

Saturday, 07 Feb 2009
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Arshiya International, the logistics and supply chain provider plans to invest Rs.530 crore to  develop a Free Trade Warehousing Zone (FTWZ) at Sai village in  Uran in Mumbai by January 2010.

The FTWZ will be spread over 200 acre. The debt equity ratio of the project is 2:1 and the company is  in the process of finalising the debt component with bankers. Currently, the company is in the process of acquiring land which will be completed by the second quarter of 2009 and thereafter construction of container yard and container frieght station will be taken up and these two facilites are scheduled to become operational by December 2009. 

Apart form this, the company intends to develop similar FTW zones at 4 other locations namely, Khurja, near New Delhi, Nagpur in Maharashtra, Near haldia in West Bengal and in Southern Indiais also awaiting the formal approval for another FTWZ project at Khurja, near Noida. The Khurja projecct is estimated to cost Rs.430crore.

Also See:

Arshiya International to invest Rs.1,600 crore in rail business (31-Jul-08)

 

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