Gati to invest USD 100 mn for expansion

Bangalore, June 15 (UNI) Gati, one of the leading players in the Indian logistic services, has planned to invest over USD 100 million by 2009 to upgrade its centres across the country, Company Managing Director and Chief Executive Officer Mahendra Agarwal said today.

Addressing a press conference after inaugurating Gati's mechatronic Express Distribution Centre (EDC), the first of its kind in the country, he said the company had set a target to become a Rs 1,000 crore company by 2009.

Outlining the features of mechatronic EDC, Mr Agarwal said, "the concept goes beyond providing vanilla storage solution and focuses on enabling companies to manage inventories at multiple locations from their offices itself and provides them with global supply visibility and maximum efficiency for competitive advantage." The benefit of this would be a differentiating factor for pharmaceutical, textiles, automotive, engineering, electronics, consumer goods and other companies confronted by supply chain management challenges.

Terming that Bangalore had always been an important strategic location for Gati in terms of business and connectivity, Mr Agarwal said the best-in class facility inaugurated today would enable all segments of trade and industry to expand their business to every nook and corner in time.

He said the company had planned to invest over USD 100 million in the next three years in setting up similar EDC's and re-engineering of technology.

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