Snowman Logistics Ltd has decided to set up temperature controlled warehouse at Sri City, a special economic zone located in Chittoor District, Andhra Pradesh. The company has recently signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh in this regard. The proposed investment is to the tune of Rs 30 Crore in this project catering mainly to existing and upcoming food processing units in Sri City. Snowman plans to build a 10,000 pallet position multi-temperature cold storage in phased manner, starting with 5,000 pallet positions in phase-I. The project will be financed mostly from internal accruals.
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