Cargo Breaking News
CCI Group has announced an investment of approximately ₹640 crore in the development of a Grade-A logistics park spanning 20 lakh square feet in Phase 2, Polivakkam, Chennai. The company has earlier made investments of ₹250 crore in Phase 1, which takes the overall investments by CCI Group towards the Polivakkam logistics hub to ₹890 crore. This expansion is strategically structured into two segments, Phase 2A, a standard requirement facility set to be operational by mid-2025, and Phase 2B, dedicated to build-to-suit (BTS) solutions tailored to industry-specific needs.
Naresh Sharma, Managing Director, CCI Group said, “Polivakkam is a key hub in CCI’s long-term expansion plans. The region is steadily becoming a logistics hotspot due to its proximity to the Sriperumbudur-Oragadam industrial cluster. By establishing this new facility, CCI Group wants to attract industries reliant on high-quality storage facilities and strengthen the economy in the region.”
