APM Terminals Inland Services and MIV Logistics have signed a memorandum of understanding (MoU) for commencing container freight station (CFS) operations in Kochi, according to Exim News Service.
MIV is a special purpose vehicle promoted by INKEL, a government of Kerala initiative. INKEL is taking bold steps to create infrastructure to support the growth of ex-im trade in Kerala.
A release stressed that APM Terminals Inland Services is proud to be associated with MIV's initiative to set up and operate a state-of-art CFS in Vallarpadam. The facility will be spread over 18 acres, with handling capacity of 100,000 TEUs per annum, and is expected to be operational in 2013.
The MoU was signed at Hotel Le Meridien, Kochi, by Mr Subhasis Ghosh, Managing Director, APM Terminals Inland Services, and Mr T. Balakrishnan, Managing Director, INKEL Ltd and Chairman of MIV, in the presence of Mr Paul Antony, IAS, Chairman of Cochin Port Trust, and the Board of Directors of MIV.
"After the success of our fourth CFS in India in Chennai, which won the CFS of the Year award recently, we are delighted to be in Kochi to facilitate the growth of export-import trade here," said Mr Ghosh.
Vallarpadam in Kochi is emerging as a gateway terminal for India’s ex-im trade. Non-availability of sufficient high quality inland container logistics infrastructure is seen as a deterrent to the growth of ex-im trade in Kerala.
"With APM Terminals Inland services coming to Kochi, we are getting world class processes in running container freight stations, providing customer services that will ensure easy access to efficient container logistics, and compliance with international norms of safety, security, health and environment, all at one go," said Mr Joseph Sandiav, Head, CFS Business, APM Terminals Inland Services.
APM Terminals Inland Services South Asia runs seven CFSs with total bonded yard area of about 3.3 million sq. ft, and empty depots at more than 10 locations, with state-of-art dry and reefer repair workshops. It is backed by a strong trucking fleet to manage shunts and primary transportation. The company also services Pakistan and Sri Lanka and has a dedicated team of over 280 accomplished professionals who provide best-in-market integrated solutions in inland container logistics.
APM Terminals Inland Services South Asia is part of APM Terminals, the global port, terminal and inland services operator having 63 ocean ports and terminals in 36 countries, along with 150 inland services locations in 46 countries.