Concurrent infrastructure is developing a logistic park in Hyderabad. The infrastructure company, concurrent infra is developing a logistic park in Shad nagar. In India, it is first of its kind said by the CEO of concurrent K. Sudhir Babu. It is developed with a cost of Rs.100cr. Right now, concurrent infra purchased the 25 acres land for this logistic park. The first stage will be completed in the next 15 months for this concurrent infra is spending Rs.30-35cr. The project will be completed and comes in to the force in the next five years.
For the development of the park, concurrent infra has tied-up with the three international logistic companies. More than 1000 people get the employment in this logistic park. By the first year itself ten companies likely to start their business. In this logistic park, they are providing all the facilities required to the transport industry like the cold storages, ware houses etc., Not only the material transporting but also the vehicle maintenance, service, spare parts sales and insurance services will also be offered in this logistic park.
The logistic park is designed in such a way that large cargos can also load here.All in all, it would become the transport hub stated by the concurrent infra.Source: www.moneycontrol.com 03/05/10
