Transport Corpn plans to invest Rs. 250 cr this year.

Transport Corporation of India (TCI), a logistics service provider, is planning to invest Rs. 250 crore to improve its customer services with investments in infrastructure and key account management.

'With an aim to grow the business by 10-15 per cent, we have renewed our plan to invest Rs. 250 crore this year on purchase of a new ship, trucks, create hubs and warehouses,' Vineet Agarwal, Managing Director, TCI told Business Line.

'We see value added and niche segments (such as mutli-modal solutions) as offering the best avenues for growth. Our specialised verticals handle all aspects of logistics requirements at the moment,' he added.

The company is now considering diversifying outside the Port Blair sector, including the West coast to further grow the seaways division.

HBL