India Plans Expansion of Auto Exports

MarineLink.com
Wednesday, January 22, 2014

Ennore Port Limited (EPL), Chennai and Ford India Private Limited have signed an agreement for export of Ford cars though the Ennore port for a period of 10 years. Speaking on the occasion the Union Minister for Shipping Shri G.K. Vasan said that this is a part of series of initiatives by the UPA government for attracting investments in the infrastructure sector, particularly in ports and automobile sectors.

The agreement provides for various volume based discounts on wharfage by EPL ranging from5-30% to encourage more exports through EPL. Ford India Private Limited has set up a modern integrated manufacturing facility at Maraimalai Nagar, near Chennai, for export of their automobile products. In the last few years, Chennai has emerged as the hub of automobile manufacturing sector with all global auto majors having their manufacturing plants in the city. Besides, Chennai has also emerged as a major centre for export of automobiles. Ennore Port has played a key role in facilitating these exports.

Between September 2010 and December 2013 about 4,49,720 automobile units have been exported from Ennore Port, including those of manufacturers like Nissan, Ford & Ashok Leyland from Chennai, Toyota from Bangalore and Honda from Delhi. Ennore Port has developed a General Cargo-cum-Car Terminal at a cost of Rs.140 crore, which includes a car parking yard of 35 acres for parking of 10,000 cars at a time, the biggest amongst the Major Ports.

Giving details of the future projects of the port, the minister said that the Ennore Port has planned to set up an LNG storage and re-gasification terminal with IOCL for import of LNG at an estimated investment of Rs.4500 crores having capacity of 5 Million Metric Tons Per Annum. The IOCL plans to commission the project by 2016-17. The Port has also commenced pre-project activities for the construction of the third coal berth to handle additional 9 million metric tons of coal required by Tamil Nadu Generation and Distribution Corporation (TANGEDCO). In keeping with the global trend of containerized transportation of cargo, Ennore Port has also come up with a proposal to develop a container terminal at an estimated cost of Rs. 1,270 crore with a capacity of 1.4 million TEUs. This project is targeted for award during 2013-14 along with Multi Cargo Terminal.

The port is expected to handle 24 MMT during 2013-14 as against 17.89 MMT during 2012-13. During the 12th five year plan, Ennore port has plans to increase the Port capacity from present 30 MTPA to 66.8 MTPA. All these measures are expected to generate more employment opportunities, promote the growth of Indian exports as well as boost the domestic economy.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

GAO: Ending Crude Export Ban Could Ease 'Price at the Pump'

As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.

'New Tango' Brings More Post-Panamax Ships to Charleston

New service expands Port of Charleston's capacity to serve North-South trade The SC Ports Authority today received the first ship call of a new consolidated

Video: E-Class Edith Mærsk on the Thames

The largest ship ever to enter the Thames arrived at DP World London Gateway, the U.K.’s new deepwater container port. The 397-meter-long, 56-meter-wide Edith Mærsk

News

Cruise Ship Returns to Texas after Ebola Concern

The Carnival Magic cruise ship was en route back to the United States on Saturday with a passenger from Texas who might have handled specimens of the first Ebola

MEPC Approves Draft Polar Code

Draft Polar Code approved by IMO’s Marine Environment Protection Committee A key step on the way to a mandatory Polar Code for ships operating in Arctic and

NMRA Awards Scholarship to Yacht Design Students

The National Marine Representatives Association (NMRA) awarded two scholarships to students pursuing careers in the field. Noah Luff of Ventura, California is one

Government Update

India to Develop Iran's Chabahar Port

India will float a company to develop Iran's Chabahar Port, a government statement said on Saturday, as New Delhi aims to take advantage of a thaw in Tehran's relations with world powers.

Shadrin is D.G. of Gazprom Investholding

On October 13 the Gazprom leadership acceded to Alisher Usmanov's request for releasing him from his position as Director General of Gazprom Investholding. At the meeting Alexey Miller,

ITIC Measures against Ebola

The International Transport Intermediaries Club (ITIC) has issued the following general advice related to the outbreak of Ebola. Vessels that have recently

Logistics

GAO: Ending Crude Export Ban Could Ease 'Price at the Pump'

As the energy profile of the U.S. continues to improve and evolve daily, fresh debate in favor of exporting oil and gas products -- which would have a significant impact on the U.

CMA CGM Acquires 7,000 Reefer Containers

The CMA CGM Group announced it has acquired more than 7,000 of last generation 40’ High Cube Reefer containers including 6,000 low consumption engines. The CMA

'New Tango' Brings More Post-Panamax Ships to Charleston

New service expands Port of Charleston's capacity to serve North-South trade The SC Ports Authority today received the first ship call of a new consolidated

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2161 sec (5 req/sec)