Allcargo opens Rs 800-crore warehouse in Karnataka

The new facility is nearly sold out and will serve as a warehousing facility for e-commerce behemoths such as Flipkart, Amazon, and Decathalon

Moneycontrol News

October 04, 2022 / 13:08 IST

Allcargo Logistics on October 3 opened a 105-acre warehouse at Malur Logistics Park in Karnataka.

The new facility, which has been established with an investment of Rs 700-800 crore is nearly sold out and will serve as a warehousing facility for e-commerce behemoths such as Flipkart, Amazon, and Decathalon, AllCargo Group Chairman Shashi Kiran Shetty said.

Decathlon has taken up 900,000 square feet of space, Flipkart occupies over 500,000 square feet and Amazon operates from 300,000 square feet in the logistics and warehousing park to manage their supply chain requirements.

For its latest park, Allcargo has partnered with Blackstone as its financial partner.

“This is purely a lease model; what we generate from this will be deployed to build more such facilities across the country, and maybe in the future, develop such properties in other parts of the world too, depending on the opportunities,” said Shetty.

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