First phase of Shri Kailash logistics park at Orgadam goes on stream

Chennai:
Chennai-based Shri Kailash Logistics Ltd (SKLL), a company of the Sree Kailas group, has completed the first phase of its futuristic, investor-friendly and state-of-the-art 50-acre `Logistics Park’ with a modern warehouse and commercial complex at Orgadam, the industrial and automobile hub near Chennai.

The formal inauguration is scheduled for the first week of May, 2012, according to S Giridhar, managing director of the company.

The company has completed construction of 3.25 lakh sq ft of warehouses and 25,000 sq ft of commercial complex with the technical support of a leading logistics parks consultant in Singapore.

It is also expanding by building another seven lakh sq ft of modern warehouses in the park, with a total investment of about Rs 320 crore. The park is expected to be fully commissioned in the next two years, he said.

Already 2.5 lakh sq ft (of the completed 3.5 lakh sq ft) is leased out to major multinational automobile companies. Giridhar said that the company has an offer from a leading multinational company to take the entire park on long-term lease.

The company is also planning to set up another 50-acre park in North Chennai, near Red Hills, close to the Chennai-Kolkata Highway mainly to cater to the FMCG companies, he said.

The introduction of GST will make single warehouse concept for the southern region possible and will necessitate large warehouses with cold storages for the entire region, he said.

Shri Kailash is planning to set up similar parks in Coimbatore and Bangalore also.