Financial Daily from THE HINDU group of publications
Thursday, Sep 30, 2004
Financial Daily from THE HINDU group of publications Thursday, Sep 30, 2004 |
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Logistics
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Supply Chain Management Safexpress expanding warehousing capacity Our Bureau
New Delhi , Sept. 29 SAFEXPRESS Pvt Ltd, market leader in the Indian logistics industry, is expanding its warehousing capacity by around 50 per cent to 3 million square feet at an estimated investment of Rs 4 crore. The expansion is being done in and around Delhi, Mumbai and Bangalore, a company statement said here. The hike in warehousing comes into effect with corporates increasingly turning to express service providers for consolidated warehousing facilities and third-party logistics. Also, with the value-added tax regime coming into force, companies would not have to invest in scattered warehousing facilities and can consolidate their clearing and forwarding activities, the statement said.
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