DP World, a world logistics firm, has spent about 45% of its ₹1,700 crore deliberate capex to arrange, develop and function its Free Trade Warehousing Zones (FTWZ) in Chennai, Mumbai and Kochi.
“The Chennai economic zone was commissioned in October 2023,” DP World’s VP, Economic Zones, Subcontinent, Ranjit Ray stated. (*3*) he added.
“We have utilised 40-45% of capex. The balance will be deployed depending on demand,” he stated.
The 6,00,000 sq. ft Chennai financial zone has 4 warehouses and can concentrate on Asian and African markets and cater to industrial engineering, FMCG, cosmetics and pharmaceutical sectors.
The Chennai warehousing zone will supply a spread of worth added companies like labelling, packaging, fundamental manufacturing and facilitating re-export, Mr. Ray stated, including he was hopeful the Chennai FTWZ would break even in FY25.
of the three FTWZs, Chennai is the most important, unfold throughout 125 acres, adopted by Mumbai and Kochi at 85 acres and 10 acres respectively.
Nhava Sheva financial zone is unfold over 10 lakh sq. ft and it will be doubled, whereas Kochi financial zone is unfold throughout 70,000 sq. ft, with a deliberate addition of 1.30 lakh sq. ft.
