Saturday, March 29, 2008

Aspinwall Extends Operations Into Logistics,Tourism

KOCHI: Aspinwall, a corporate in shipping, coir, plantation and coffee, is all set to enter into logistics and tourism by investing Rs50 crore, said Chief Executive Officer N R Pai on Friday.

Talking to reporters he said the discussion was undergoing with Hitachi Transporting Company, a global logistics company, to float a joint venture for container freight station and barge transports.

Pai said that the company made arrangement with DLF Group for entering into the tourism field. New Delhi based leading real estate developer, DLF Group had acquired property to build heritage hotel at Fortkochi, a major tourist destination in Kerala.

Besides, Aspinwall will conduct a feasibility study to set up green house for farming English vegetables.

Recently, the company was reorganized after a century. The allied companies such as Aspinwall investments, Pullangod Rubber & Produce and Aspinwall & Company Travancore were merged into Aspinwall Company Ltd.

Aspinwall have 18 offices across the country.

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