July 20 , 2017
Allcargo to get into last-mile delivery; eyes Rs 1500cr income.
With the GST boost, the Allcargo Logistics is planning an aggressive domestic play by entering the last-mile delivery space and has set a target of trebling its domestic revenue at Rs 1,500 crore from the segment by 2020./p>
The company, a global leader in the LCL (less than container load) and FCL (full container load) segment through its European arm ECU Worldwide, will also invest around Rs 1,000 crore to double its exim warehousing/ CFS stations and logistics park capacity to 10 million sqft by 2020.
"We've already set a USD 2 billion revenue target for 2020. With the enabling environment after the goods and services tax (GST) rollout, I am sure this is easily achievable," Allcargo Logistics founder and chairman Shashi Kiran Shetty told