Malur, Oct 4 (KNN) The Malur Logistics Park setup by Allcargo group, an end-to-end logistics solutions provider was inaugurated by Malur MLA KY Nanjegowda and Shashi Kiran Shetty, Chairman of Allcargo Logistic on Monday.

Allcargo’s Malur Logistics Park will complement the PM Gati Shakti plan which aims to reduce the overall cost of logistics to 8 per cent of India’s GDP from 13 per cent now.

Speaking at the inauguration ceremony, Shetty, said that “With the park in Bengaluru, it will further complement Karnataka to become a logistics hub that seamlessly connects India to the southern states of Andhra Pradesh and Tamil Nadu, making the state a desired destination for big businesses.”

“We plan to open more such parks including two more in Bengaluru, and one each in Kolkata and Ahmedabad in the next two years and the logistics park in Bengaluru has created direct employment opportunities of 5,500 jobs,” he told FE.     

As per reports, the park will be a key enabler and ensure that businesses can leverage the strategic location with built-to-suit warehouses that meet customer requirements in major cities through connectivity across major railways stations and airport.

“It will bring forward much required efficiencies and productivity in logistics including digitalization, augmented warehousing capacity and robust physical infrastructure,” the company said in a statement.

There is future preposition to expand the  Malur Logistics Park by 200 acres, which will pave the way forward for further employment opportunities.  (KNN Bureau)