ANCON Group set up City’s First Logistic Park at Bengaluru
ANCON Group announced the launch of the city’s first Logistics Park at Bengaluru, Mangalapally under Public Private Partnership mode with the Hyderabad Metropolitan Development Authority. The HMDA ANCON Logistics Park was inaugurated by KT Rama Rao, Telangana Minister for IT and Industries, which comprises of two phases with Large-Format Grade. Warehouses, truck parking space and co-located workspaces. The first phase of Grade-A warehouse spans across 1, 20,000 sqft with 1.2-meter high plinth and multiple docking yards.
The facility is equipped with efficient fire protection systems and a sewage treatment plant, apart from the power back-up facility and parking space for 250 trucks besides spacious office modules, which becomes operational within 24 hours creating around 800 direct and 1500 indirect employment. ANCON is aiming to develop 8-10 Logistics Parks comprising close to 2 mn sq ft of space in Hyderabad, Bengaluru, Vishakapatnam, Nagpur and Gurgaon over the next five years with an estimation of Rs 400 crores.
The logistics cost come at around 14 pc of the country’s GDP which is way higher than some of the other developed and developing countries. Warehousing is a significant factor in controlling the efficiency of the supply chain and forms around 15 to 35 percent of the logistics cost. The Park comes with modern warehousing facilities and amenities to streamline the logistics operations and propel the growth of the sector, a press release from the city-based Infrastructure Company said.
The first phase of Grade-A warehouse spans 1.2 lakh square feet with 1.2-meter-high plinth and multiple docking yards on all sides for efficient loading and unloading and cross-docking operations. The logistic parks would also support the industry in the region by providing world-class storage and handling facility to store and distribute their goods. We are excited to see the fast movement in this space with our first PPP model Logistics park, HMDA ANCON Logistics Park, becoming operational within 24 months. The park would create employment for around 800 people directly and 1,500 indirectly.
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