Concor plans five new logistics parks in AP, Telangana, Visakhapatnam News - Times of India

Concor plans five new logistics parks in AP, Telangana.

VISAKHAPATNAM: The Container Corporation of India (Concor) is planning to set up logistic parks in at least three locations in Andhra Pradesh and at two places in Telangana. The logistic parks are being planned at Krishnapatnam, Kakinada and Machilipatnam in AP, whereas in Telangana they will be set up at Karimnagar and Patancheru on the outskirts of Hyderabad in the near future. These logistic parks will cater to both domestic and international needs.

In addition, with the state government planning to set up a string of ports in each district of AP, Concor is planning to work closely with the state government for setting up logistic parks at viable locations. While the investment is expected to be around Rs 100 crore each for the logistic parks at Patancheru in Hyderabad, Kakinada and Krishnapatnam, it is expected to be around Rs 40 to 50 crore for the one in Karimnagar. Revealing Concor's expansion plans, group general manager (C&O) R Dhananjayulu said, "We have already identified around 135 acres for setting up a logistics park at Krishnapatnam and forwarded the proposal to the state government for land acquisition." He said they have sought another 100 acres for a logistics park near the Kakinada deep water port, which is also planning to expand its container terminal operations. Furthermore, he said that a logistics park will be set up at Machilipatnam once the operations commence at the port. At the same time, he said that Concor has approached the Telangana state government for developing logistic parks at Karimnagar and Patancheru and the investments for the parks will depend on the land parcels allotted by the state government.