Multi-modal transportation company Caravel Logistics plans to create logistics infrastructure in key industrial corridors across the country. The company plans to invest about Rs 75 crore over the next 12 months to become a one stop shop for any cargo movement and storage requirements.

The Rs 250 crore company will invest Rs 75 crore in establishing a container freight station (CFS) in Chennai, ICDs (inland container depots) and CFSs and rail-linked service for container and cargo movements in the country. It plans to fund the expansion through internal accruals and debt.

“The potential locations for our expansion are Ludhiana, Mundra, Delhi and Tuticorin. The objective is to garner more revenues from India-centric businesses,” said Saju Chacko, MD, Caravel Logistics said.

The company also plans to open offices in China, East Africa while strengthening its presence in Hong Kong and other south east Asian countries.

The CFS at Chennai is coming up on a site between Ennore and Manali in northern part of the city. The Rs 25 crore facility is expected to be operational by November. Caravel, in which Switzerland-based BTS investments has invested Rs 25 crore for a minority stake, has now graduated from a chartered vessel operator to a ship operator with the launch of its 585 TEU capacity vessel M V Caravel Pride, the German-built ship acquired at a cost of $4.5 million recently.