Geekom Logistech to invest Rs 500 cr for Kochi’s logistics park
WAREHOUSING & LOGISTICS

Geekom Logistech to invest Rs 500 cr for Kochi’s logistics park

Industries Minister P Rajeeve said that Mumbai-based Geekom Logistech will invest Rs 500 crore in a logistics park in Kochi and the logistics park is expected to generate 2,000 new jobs.

During the Industries Minister's ‘Meet the Investor’ programme, top officials of Geekom Logistech promised an investment.

Geekom has already purchased land for the project, according to Rajeeve, who also informed that the Kerala government has promised all legal assistance and help for the project.

Geekom will receive all licences and clearances within seven days because the investment exceeds Rs 50 crore, according to the minister. In the first phase of the logistics park project, he said, a Rs 500 crore investment is proposed.

Geekom E-Technologies Pvt Ltd was founded in 2003, according to the company's website. Associated Roadlines in the transportation industry and Associated Agencies (in the advertising industry) have merged to form the company in warehouse management. In April of 2014, the firm was renamed Geekom Logistech. The company is building a 1,000,000 sq ft warehouse complex in Kochi, according to their website.

Companies like FirstCry, India's largest online store for newborns, babies, and children's products, and Reckitt and Coleman, a British multinational consumer goods company, will be among those partnering with the logistics park, according to Rajeeve.

The minister predicted that once the park is operational, an additional Rs 1,000 crore will be invested. According to a press release from the Industries Minister's office, top company officials, including Geekom Chairman Mohan Kumar, discussed project details with senior industry department officers as part of the Meet the Investor programme.

Image Source

Also read: Telangana seeks govt approval to develop four logistic parks

Industries Minister P Rajeeve said that Mumbai-based Geekom Logistech will invest Rs 500 crore in a logistics park in Kochi and the logistics park is expected to generate 2,000 new jobs. During the Industries Minister's ‘Meet the Investor’ programme, top officials of Geekom Logistech promised an investment. Geekom has already purchased land for the project, according to Rajeeve, who also informed that the Kerala government has promised all legal assistance and help for the project. Geekom will receive all licences and clearances within seven days because the investment exceeds Rs 50 crore, according to the minister. In the first phase of the logistics park project, he said, a Rs 500 crore investment is proposed. Geekom E-Technologies Pvt Ltd was founded in 2003, according to the company's website. Associated Roadlines in the transportation industry and Associated Agencies (in the advertising industry) have merged to form the company in warehouse management. In April of 2014, the firm was renamed Geekom Logistech. The company is building a 1,000,000 sq ft warehouse complex in Kochi, according to their website. Companies like FirstCry, India's largest online store for newborns, babies, and children's products, and Reckitt and Coleman, a British multinational consumer goods company, will be among those partnering with the logistics park, according to Rajeeve. The minister predicted that once the park is operational, an additional Rs 1,000 crore will be invested. According to a press release from the Industries Minister's office, top company officials, including Geekom Chairman Mohan Kumar, discussed project details with senior industry department officers as part of the Meet the Investor programme. Image Source Also read: Telangana seeks govt approval to develop four logistic parks

Next Story
Infrastructure Transport

NHAI to Upgrade Tamil Nadu Highways

To reduce congestion on key national highways in Tamil Nadu, the National Highways Authority of India (NHAI) has planned capacity upgrades for at least eight highway stretches. The improvements will include bypasses, flyovers, and four-laning in Salem, Coimbatore, Tiruppur, Nilgiris, and Cuddalore. NHAI has invited tenders to appoint consultants for preparing detailed project reports (DPRs) on these expansions. The affected highways include NH-181, NH-81, NH-532, NH-85, and NH-136. Proposed Upgrades Across Highways - NH-181 (Coimbatore-Gundlupet Route): This stretch will see four bypasses an..

Next Story
Infrastructure Transport

Ludhiana-Bathinda Highway Revived as NHAI Invites Bids

The Ludhiana-Bathinda highway project, initially stalled due to land acquisition issues, has been revived as the National Highways Authority of India (NHAI) invites fresh bids to resume construction. The project, part of the Ludhiana-Ajmer Economic Corridor, is estimated to cost Rs 24.61 billion and will be executed in two phases. Package 1, covering 30.03 km, has a budget of Rs 9.06 billion, while Package 2, spanning 45.25 km, is set to cost Rs 15.55 billion. The NHAI had previously withdrawn the project due to unavailability of land. However, intervention from Union Minister for Road Trans..

Next Story
Infrastructure Urban

Dilip Buildcon Wins Rs 460M Arbitration

Infrastructure major Dilip Buildcon has secured an arbitration award of Rs 460 million against the National Highways Authority of India (NHAI) over delays and breaches during the execution of a highway project in Karnataka. The dispute pertains to the Rehabilitation and Upgradation of the Kerala Border to Kollegala Section of NH 212, awarded to Dilip Buildcon under an Engineering, Procurement, and Construction (EPC) agreement dated June 6, 2014. The project involved two-lane expansion with paved shoulders and four-lane development under the National Highways Development Project (NHDP) Phase IV..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?