An employee moves packages from a conveyor belt at warehouse in Hyderabad, India. (Photographer: Dhiraj Singh/Bloomberg)

See Highest Growth From Contract Logistics, Says Allcargo Logistics

Mumbai-based Allcargo Logistics expects 20-25 percent growth from the contract logistics space.

Speaking to BloombergQuint, the company's ED and CEO Prakash Tulsiani said the engineering solutions industry is gaining traction post a period of underperformance.

The full service logistics company has outlined a capex plan of Rs 700 crore to be utilised over the next three to five years, Tulsiani said. "The amount will be used to develop multi-modal logistics park, technology as well as potential mergers and acquisitions," he added.

Moreover, he said the company's exit from the Mundra facility will be instrumental in aiding profitability. "We exited the space as it did not deliver the right RoCE or profitability," Tulsiani said.

Watch the interview