Tata BlueScope in logistics venture with warehouser Arshiya
08 Sep 2011
Tata BlueScope Steel Ltd, the 50:50 joint venture between the Tata Steel and Australia's BlueScope Steel Limited, and Arshiya International have come together to build the first-of-its-kind warehouses at India's first Free Trade and Warehousing Zone (FTWZ) developed and operated by Arshiya in Panvel, near Mumbai.
Over the last few decades, India has been losing investments to neighbouring economies, which were being used by global corporations as bases for feeding India, because of unavailability of similar infrastructure in India.
With FTWZs, the country will be able to leverage 'soft infrastructure' such as skilled manpower, cost competitiveness, regulatory framework, IT connectivity as well as 'Hard Infrastructure' such as dedicated state-of-the-art mega logistics parks, rail connectivity and world class supply chain management services. In all, Arshiya is developing five FTWZ across India's strategic locations - Mumbai in the west Khurja, Near Delhi in the north, Nagpur in central India, Chennai in the south Haldia in the east).
With Arshiya's initiative, FTWZs will give India the much needed impetus to drive its economic growth to the next level, while truly leveraging the nation's vast domestic market and purchasing power parity.
The massive warehousing project that Tata BlueScope and Arshiya have undertaken, covers a total plan area of 5.45 lakh square feet. Tata BlueScope Building Solutions has designed, manufactured, supplied and erected five Butler Buildings. These high quality building systems have been supplied with state-of-the-art MR-24 roof system, which is warranted for 10 years leak-proof performance.
