Consumer supply-chain firm Stellar Value Solutions commits Rs 30,000 cr investment to set up 200 logistics parks in 4-5 yrs
- ByStartupStory | December 20, 2021
Stellar Value Solutions is setting up 200 integrated logistics parks in 50-million sq ft space across 21 major cities with an investment commitment of Rs 30,000 crore in 4-5 years. The new facilities will cater to the increased demand for warehousing as customers are expecting deliveries of their shipments at the drop of a hat, said its Chairman and Managing Director Anshuman Singh.
“The warehousing hub in Punjab, which will be operational in the next 90 days, is part of our plans to offer high-end, very large infrastructure consisting of 50 million sq ft of grade A+ warehouse in 21 major cities across 200 integrated logistics parks in the country, connected with 50,000 trucks in 3-4 years,” Mr. Singh said in an interview with the PTI.
Stating that the last 5-6 years the supply chain has dramatically evolved, particularly with e-commerce coming into play, he said customers expectations have gone up amid e-food and e-grocery shipments now getting deliveries in as short a time as 10-minutes, making the overnight deliveries not good enough.
He said “As part of the revised strategy, this (Banur) facility will be the primary delivery location or main feeder facility for all the consumption clusters in the surrounding areas. Then in each city such as Amritsar, Ludhiana and Chandigarh will have a small cross-docking centre or dark store, which will be inside the city. But this one will be the main feeder facility, making it A+ Grade facility,” He also said that the company is upgrading its truck fleet by equipping them with technology such as telematics and GPS devices, with plans to induct green vehicles as well along with looking to deploy drones for stocktake.
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