Mumbai: Kochi-based logistics operator Driver Logistics on Tuesday announced expansion of its operations to Karnataka and said it plans to invest Rs 525 crore over the next five years.
The company also said it is looking to increase its warehousing facilities to over 100 in the next 18 months, from 53 at present, as part of the expansion strategy and also exploring entry in overseas markets such as Thailand.
As part of this expansion, Driver Logistics unveiled its first multi-client facility as well as partial truck load operations in the State. Karnataka is positioned as a pivotal hub for Driver Logistics, facilitating the consolidation of operations in Kerala, Tamil Nadu, Telangana, and Andhra Pradesh, the company said in a statement.
With an investment plan of Rs 525 crore over the next five years, Driver Logistics aims to revolutionise the logistics sector, it said. The fund infusion will drive technological advancements, benefiting shippers, logistics service providers, and the local job market, Driver Logistics said.
