Mumbai: Allcargo Logistics Ltd will invest up to Rs.170 crore this fiscal to purchase land for a logistics park on the outskirts of Delhi and a container freight station (CFS) in Kolkata, a top official said. It is eyeing the highly competitive express delivery space, to begin with. “We would like to examine express delivery service. Shetty said the domestic business will play a “substantially important” part in realising its target of $2 billion (around Rs.13,430 crore) revenue by 2020 from Rs.5,800 crore in 2015-16. “Domestic business is something that we always wanted to be in for a long time, but the economy was not supporting.

Source: Mint August 28, 2016 17:15 UTC