Tel: +91 22 2757 9611, 2757 7834

i-maritime News service

MIV Logistics to set up CFS near Vallarpadam - 2012-03-05

MIV Logistics Pvt Ltd, a joint venture of Infrastructures Kerala Ltd (INKEL), Mfar Group, the Bahrain-based VKL and others, is setting up a container freight station near the Vallarpadam ICTT at an investment of Rs 65 crore.

APM Terminals India Pvt Ltd will carry out the operations and management of the CFS according to the agreement, which was signed here on Friday.

The 18-acre facility, once operational in 2013, will have the capacity to handle 1,00,000 teus a year.

Speaking on the occasion, Mr Subhasis Ghosh, Managing Director, APM Terminals, said that Kochi is emerging as a gateway port for exim trade and the non-availability of sufficient high quality inland container logistics infrastructure is seen as one of the deterrents to growth.

INKEL, a Kerala Government initiative, is taking steps to create infrastructures to support the growth of Exim trade in the State.

The APM Terminals-owned CFS in Chennai had won the CFS of the Year Award recently, he added.

APM Terminals Inland Services South Asia comprises of seven container freight stations with a total bonded yard area of about 3.3 million sq ft, empty depots in more than 10 locations with state of the art dry and reefer workshops and is backed by a strong trucking fleet.

The company also caters its services to Pakistan, Sri Lanka.

Mr T.Balakrishnan, Managing Director, INKEL, said that the organisation is also developing a logistics park and commercial space at Angamali in an area of 25 acres.

The construction of 2.2 lakh sq ft commercial space will be ready for occupation before June.

In the logistics park, a well known FMCG company will be setting up 2.4 lakh sq ft of warehousing space.

An agreement for this is now under finalisation, he said adding, that rest of the area also to be developed as a logistics park.

Source : Hindu Business Line