Crafts virtual warehousing solution ahead of GST launch
Agarwal Packers and Movers Ltd (APML), which recently celebrated its 29th Foundation Day, is betting big on its trucking cube solution. With the solution being introduced last year, the company has been able to notch around Rs 450-crore turnover in the last fiscal.
On the occasion of the 29th foundation day of the company, Ramesh Agarwal, Chairman – APML said, “After GST is implemented, this product will have great value as far as storage and warehousing is concerned. To avoid GST, earlier companies used to have several smaller warehouses at the state level. But in a uniform tax regime that will be not required. With this solution, we can offer the big companies the Virtual Warehousing Solution (VWS). They can just
continue with their regional distribution centres (RDCs)/ Fulfilment Centres (FC) to deal with their clients while their goods can remain parked with us in cubes in our stock yards. At the regional level, the clients just have to let us know where it has to be delivered and we will take care of this last mile bit.”
“APML presently has 34 hubs and we are targeting to take it up to 50 as our cube volume climbs to over 10,000. All the hubs (RDCs/ FC) have been categorically and strategically located giving an impetus to truck transport throughout India. Mother-hubs have been made at Dudhu, Malkapur, Malegoan, Hosur and Asansol and child-hubs have been created at Palwal, Ambala, Navi Mumbai, Kolkata and many more.”
“The logistics cost for our customers will actually come down by eight per cent even as they are catered to a superior and more efficient service. It can also be used for the movement of household goods where we are a market leader in the country,” he further said.
“In the next two to two and a half years, APML will pump in over Rs 100 crores in this solution. Most of the investments will be routed in to have a much larger inventory of cubes, more stockyards throughout the country and having a trained manpower to support this solution,” concluded Agarwal.
EP News Bureau
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