1/8/14 Caparo Group and Procam Logistics to develop warehousing facilities in India - Economic Times

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Caparo Group and Procam Logisticsto develop warehousing facilities inIndiaAnuradha Himatsingka, ET Bureau Aug 22, 2013, 07.26PM IST

KOLKATA: Caparo Group has entered into a joint venture

agreement with a supply chain management company

Procam Logistics of India. The Caparo Group will hold about

60 % of the total JV equity and Procam Logistics, the

balance 40 %.

Christened as Caparo Procam Infrastructure, the JV firm will

add one million sq feet of additional storage space and other

value added services. The JV aims to create warehousing

infrastructure as well as offer management & allied services

to various industry sectors like auto, retail, rail and heavy

engineering, the company's mediastatement stated.

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Elaborating further, Caparo India chairman Angad Paul said, Caparo's existing land bank in and around the

auto and manufacturing hubs of Chennai, Bawal, Rudrapur, Jamshedpur, Sanand, Dewas, Pune will be

available to the JV for development of state-of-the-art warehousing and infrastructure facilities. These facilities

would be offered both as an exclusive and multi user facilities for design, development and management of

sustainable supply chain solutions across the industry spectrum.

Incidentally, the logistics infrastructure in India is undergoing an overhaul with corporate houses increasingly

preferring such facilities as opposed to the traditional godowns and sheds.

Industry analysts suggest a CAGR of 16% in the demand for warehousing primarily from sectors like

engineering because of changing demographics, imminent introduction of tax rationalisation measures like

GST and need for leaner supply chains.

"Caparo Procam Infrastructure will bring to the table, Caparo and Procam's domain expertise in the auto

industry and in the supply chain do-main respectively. This places the JV as a reliable warehouse solution

partner for clients," said Mr T G Ramalingam, managing director of Procam Logistics.

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1/8/14 Caparo Group and Procam Logistics to develop warehousing facilities in India - Economic Times

articles.economictimes.indiatimes.com/2013-08-22/news/41437416_1_caparo-india-caparo-group-supply-chain 2/2

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Readers' opinions (1)

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14 Oct, 2013 01:38 PM

ankit raj goyal (delhi)

another industry in its embryonic stage . the early movers will reap the benefits. good luck lord paul and angad.

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