November 22, 2008

TCI to invest INR 200 crore in 2 years

Transport Corporation of India said it will invest INR 200 crore over the next two years, while announcing the launch of its new corporate logo and brand line. This year the company has completed 50 years of service.

Mr DP Agarwal vice chairman & MD said that “We aim to be an INR 2,000 crore organization with the major focus on taking our supply chain solutions globally.

The release said that the company plans to invest INR 200 crore in the next two years for purchase of ships and trucks and construction of warehouses, besides opening offices in various countries across globe. Mr Agarwal added that “We are also targeting to accomplish a year on year growth of 20% to 25%.”