Port Wings News Network:
The Chennai-based Sabari logistics has inaugurated its third warehousing facility built on 52,000 sqft at Ariyalur village near Ponneri on 21 April.
Mr Balakumar, Assistant General Manager in Canara Bank, inaugurated the facility in the presence of Mr S Padmakumar, Chairman of Sabari Group, Mr S Nataraja, President, Chennai Customs Brokers Association (CCBA), Mr Y Leeladharan, Chairman, CHENSAA and Mr Bhujangaraman, Managing Partner, Patriot Shipping, during the Sabari Logistics’ third anniversary celebrations held in Chennai.
While addressing the gathering, SP Sabari Prasanth, Director, Sabari Logistics, said, “Our first warehouse in a sprawling 82,000 sqft is functioning from Surapet village near Ambattur, Chennai. The second warehouse, built on 22,000 sqft, is located at Oragadam village near Cholavaram. And today, our third facility, developed in 52,000 sqft area, has been inaugurated at Ariyalur village near Manali. All the three warehouses are Customs-bonded and private warehousing facilities.”
SITUATION AFTER DPD
SP Sabari Prasanth stated: “To reduce costs during export and import, the government is vociferously promoting direct port delivery (DPD) mode to/from the ports. It has adversely affected the CFS business. But the advantages after the implementation of DPD mode is that there has been a considerable demand for warehousing facilities, where imported/export goods can be stored. So, our focus is mainly on building new storage warehouses. In the next two years, we plan to touch two-lakh sqft mark for our group.”
He also thanked and honoured the well-wishers of Sabari Logistics. The annual celebrations ended with a colourful show. Offering his facilitation, Balakumar congratulated the Sabari Group for the feat they achieved in just three years.
Balakumar said: “Padmakumar, who began his career with just Rs.150 as monthly salary, has gradually risen in his life and finally established the Sabari Group, which has registered Rs.150 crores in revenues in just three years. I hope that Sabari group will grow big and bigger as a company and could touch Rs 1500 crores as its annual revenue in coming years.”
Speaking on the occasion, S. Nataraja said: “Padmakumar stands among us as the testimony of hardwork. Growing up from the bottom and becoming an industrialist today is not an easy thing to achieve. It is really heartening to know that the company has created thousands of jobs in these three years.”
Addressing the gathering, Leeladharan said, “It is indeed a right business move to launch more warehouses at the time where the focus is on DPD mode and CFSes are facing bleak future.”