Concor's Vizag logistics park to be inaugurated on Friday.

The first phase of the multi-modal logistics park being developed by Container Corporation of India (Concor) at Viman Nagar opposite to the airport is being inaugurated on 5th May 2014, according to Senior General Manager G.R Seshagiri Rao.

He said here recently that the park, the first of a series being developed by Concor all over the country, would come up on 100 acres at Viman Nagar and the total investment may be around Rs. 370 crore.

'It is a major infrastructure project taken up by Concor in Andhra Pradesh and it will give a great boost to the Exim trade in the state, especially with the prospect of a number of projects coming up in Seemandhra in the next five to ten years with tax incentives,' he said.


HBL