CCI Group Expands Chennai Logistics Hub with Rs 640 Crore Investment

Date:

CCI Group is set to invest over Rs 640 crore in the second phase of its logistics hub in Chennai, increasing its total investment in the facility to Rs 900 crore. The expansion will add two million sq. ft. of warehousing capacity, bringing the total area to three million sq. ft.

Spread across 85 acres in Polivakkam, the development is expected to be completed within 15 months. The funding will come from promoter equity and construction finance. The facility will feature a standard warehouse operational by mid-year and a built-to-suit (BTS) segment designed to meet industry-specific needs.

The logistics hub aims to support key sectors such as e-commerce, automotive, FMCG, and manufacturing, catering to businesses seeking advanced storage solutions. Its strategic location near the Sriperumbudur-Oragadam industrial cluster positions it as an ideal choice for industries requiring high-quality warehousing and distribution services.

This expansion aligns with CCI Group’s commitment to enhancing India’s logistics infrastructure, supporting economic growth, and meeting the increasing demand for modern storage facilities in the region.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

13 + 11 =

spot_img

Share post:

Subscribe

More like this
Related

New AI Assistant Launched to Guide and Transform India’s Building Industry

A new AI-powered assistant has been introduced to support...

2025’s Official TOP10 Construction Machinery Rankings Announced—Industry Leaders Unveiled

The 2025 TOP10 Annual List of the Construction Machinery...

RBI Cuts Repo Rate by 25 bps: What It Means for India’s Real Estate Sector

The Reserve Bank of India (RBI) has reduced the...

India’s AI Leap: TCS and OpenAI Move Toward Partnership for Major AI Infrastructure

Tata Consultancy Services (TCS) and OpenAI are reportedly in...