Gateway Distriparks Ltd. commences operations of Container Freight Station at Krishnapatnam Port
Visakhapatnam, February 16, 2017
Gateway Distriparks Ltd. (GDL) has commenced operations of its Logistics Park & Container Freight Station (CFS) next to the Krishnapuram Port Container Terminal following the completion of construction of the first phase of the facility and all statutory approvals from the Customs Department.
A press release from the company said it had invested Rs. 90 crore in the first phase to develop capacity of 60,000 TEUs in bonded container yard and 50,000 sq. ft. of bonded warehousing, as well as 100,000 TEUs in domestic container yard and 100,000 sq. ft. of domestic warehousing.
The total land bank available is 48 acres which can be further utilised to expand capacity in the future, it said.
Targeting the trade and business growth in the Andhra Pradesh, Telengana, Karnataka and northern Tamil Nadu region, the Logistics Park will offer comprehensive supply chain solutions through a Container Freight Station (CFS), Bonded & Domestic Warehousing, Temperature Controlled Storage along with first/last mile transportation facilities, the release said.
"The company sees this region as playing a key role for its growth plans, and we are happy to announce our fourth CFS in this region to support the local trade. We will continue to invest here further, through both GDL and Snowman Logistics, to maintain a high quality offering and increase capacities in the future," Ishaan Gupta, Joint Managing Director, GDL said.
The CFS at Krishnapatnam port, which is strategically located between Chennai and Visakhapatnam ports, is the company's 7th CFS in India. The GDL Logistics Park is the first of its kind in this region and drawing on its experience as a market leader in the industry, the company has developed the facility with world class infrastructure tailored to the trade's requirements and state-of-the-art technology to maximize efficiency, the release said.