Allcargo Opens 100 Acre Logistics Park in Malur

October 03 , 2022

Source: Economic Times:

Publicly listed logistics solution provider Allcargo Logistics that counts e-commerce majors like Amazon and Walmart-owned Flipkart and sports retailers like Decathlon as its tenants, started operations of its Malur Logistics Park in Karnataka on Monday.  
 
Spread over two million square feet and set up with an investment of Rs. 700 crore, the Park was inaugurated by Malur MLA KY Nanjegowda and Shashi Kiran Shetty, Chairman of Allcargo Logistics, along with Venkat Raja, the DC of Kolar district.  
 
In an interview with ET, Shetty said it hopes to take full advantage of being close enough to ports in three states: Mangalore, Kochi and Chennai. On the National Logistics Policy's plan to create a Unified Logistics Interface Platform (ULIP) to integrate seven ministries—Ministry of Ports, Shipping and Waterways; Ministry of Civil Aviation; Ministry of Road Transport and Highways; Ministry of Commerce and Industry; Ministry of Railways; Ministry of Finance; and Ministry of Electronics and Information Technology—on one platform, he said the timing could not have been better as the company's experience in getting approvals for land conversion was quite complicated. 
 

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