‘We have plans to open ICDs in Jaipur, UP, MP, Rajasthan in next 2-3 years’

Gateway Distriparks is currently in the Inland Container Depot (ICDs) and Container Freight Stations (CFSs) business and we have CTO license where we run our own freight trains pan India. Currently we have five CFSs and five ICDs. We have another ICD under construction in Jaipur,” says Samvid Gupta, Joint Managing Director, Gateway Distriparks Ltd. “With this we will have a network of eleven container locations across India. After this we have plans to come up with two more ICDs in the next two years and in the private space, then we will be the largest player in this segment.” Talking about the investment, he adds, “We have overall done 1500 crore investment since the inception of the company. This includes the investment in Snowman Logistics and buy out of a private equity Blackstone in Gateway Rail Freight Ltd. The company has now merged into Gateway Distriparks Ltd. Going forward, we have plans to invest 500 crore CAPEX which we had announced last year. Out of that 200 crore have been invested. The rest of 300 crore will come in the form of two new ICDs, up-gradation of existing facilities and there will be an increase in the fleet as well as rakes.”
Talking about the expansion plans, Gupta shares, “We want to increase our rail network. Right now we are doing 95% of our business on EXIM and 5% on domestic. Going forward, we want to expand on the domestic sector. This will happen in next 2-3 years. We are looking forward to expand in UP, Rajasthan and Madhya Pradesh for our next projects.”