YCH Group to invest up to ₹1,000 crore in India, eyes major logistics parks in Chennai, Bengaluru and Mumbai
MUMBAI : Singapore-based logistics major YCH Group on Wednesday announced the plans to invest up to ₹1,000 crore in India over the next three to five years as it seeks to capitalise on rising demand for organised warehousing, automation and technology-driven supply chain solutions, particularly from the electronics, e-commerce and emerging semiconductor sectorsas it looks to set up major logistics parks in Chennai and Bengaluru.
Besides, it plans to develop integrated supply chain infrastructure for electronics, e-commerce and emerging semiconductor sectors in the country.
The company, which has been operating in India for the last 17 years, expects its India revenue to triple from the current ₹400 crore to ₹1,200-1,500 crore within three years. YCH currently operates through 60 locations across 40 cities in India and employs nearly 1,500 people, including contract workers.
The company’s first major expansion is planned near Sriperumbudur in the Chennai region, where it already operates its largest Indian facility- a 3.5 lakh sq ft warehouse spread across a 20-acre campus with storage capacity of around 45,000 pallet positions.
