Safexpress investing in 32 logistics parks

Safexpress will invest nearly Rs 600 crore in the next two years to launch 32 logistics parks to double its warehousing space to around ten million square feet.
According to Mr Vineet Kanaujia, GM, Marketing, Safexpress, The expansion will help the company reach revenue of around Rs 1,000 crore in the next two years from Rs 650 crore.
Nearly one third of the new investment will be in the South.
The company announced its new logistics park in Chennai at the Logistics 2009, a two-day seminar on logistics, organized by the CII Institute of Logistics.
It has invested Rs 35 crore in the 3.86 lakh square facility, located at Vanagaram on the NH-5.
The park enables loading and unloading of 134 vehicles simultaneously to ensure smooth and uninterrupted movement of goods, he said at the sidelines of the event.