Geekom Logistech to invest Rs 500 cr for Kochi’s logistics park

Industries Minister P Rajeeve said that Mumbai-based Geekom Logistech will invest Rs 500 crore in a logistics park in Kochi and the logistics park is expected to generate 2,000 new jobs. During the Industries Minister's ‘Meet the Investor’ programme, top officials of Geekom Logistech promised an investment. Geekom has already purchased land for the project, according to Rajeeve, who also informed that the Kerala government has promised all legal assistance and help for the project. Geekom will receive all licences and clearances within seven days because the investment exceeds Rs 50 crore, according to the minister. In the first phase of the logistics park project, he said, a Rs 500 crore investment is proposed. Geekom E-Technologies Pvt Ltd was founded in 2003, according to the company's website. Associated Roadlines in the transportation industry and Associated Agencies (in the advertising industry) have merged to form the company in warehouse management. In April of 2014, the firm was renamed Geekom Logistech. The company is building a 1,000,000 sq ft warehouse complex in Kochi, according to their website. Companies like FirstCry, India's largest online store for newborns, babies, and children's products, and Reckitt and Coleman, a British multinational consumer goods company, will be among those partnering with the logistics park, according to Rajeeve. The minister predicted that once the park is operational, an additional Rs 1,000 crore will be invested. According to a press release from the Industries Minister's office, top company officials, including Geekom Chairman Mohan Kumar, discussed project details with senior industry department officers as part of the Meet the Investor programme. Image Source Also read: Telangana seeks govt approval to develop four logistic parks