Gateway Distriparks Ltd. (GDL) has recently completed the construction of the first phase of its Logistics Park & Container Freight Station (CFS) next to the Krishnapatnam Port Container Terminal after receiving all necessary statutory approvals from the Customs Department. The company has invested Rs. 90 crore in the first phase to develop capacity as follows - 60,000 TEUs in bonded container yard and 50,000 sq. ft. of bonded warehousing, as well as 100,000 TEUs in domestic container yard and 100,000 sq. ft. of domestic warehousing. The total land bank available is 48 acre which can be further utilised to expand capacity in the future.
Ishaan Gupta, Joint Managing Director, GDL said at the commencement, "The company sees this region as playing a key role for its growth plans, and we are happy to announce our fourth CFS in this region to support the local trade. We will continue to invest here further, through both GDL and Snowman Logistics, to maintain a high quality offering and increase capacities in the future."