UAE- Important and diverse Emirati investments in Cochin India

2/9/2016 9:09:12 PM

(MENAFN- Emirates News Agency (WAM))

COCHIN 9th February 2016 (WAM) -- The Cochin container terminal is the youngest of five ports and is the only transshipment hubs supported by a hinterland that extends across the country and has a captive volume of more than eight million of Twenty Foot Equivalent Unit or TEUs.

DP World does 34 percentage of container handling in India said Jibu Kurien Itty chief executive officer India Gateway Terminal Pvt Ltd.

Addressing the visiting UAE Media delegation on the sidelines of the official visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces due to be tomorrow he said that all ports are currently operational. "The sub continent region investments are made strategically across all major gateways along north to Mundra and Nhava Sheva on the west coast and up to Chennai and Viskapatnam on the east coast. We are yet to start operations in Kulpi in West Bengal but we have the operational license for it" said Itty. Being the operators of India's first private container terminal in 1999 DP World has over the years developed the network and understanding of India's business dynamics of container trade. With 90 per cent of the global trade moving by sea container terminal operators have an unprecedented impact on the soomth running of global supply chain.

Shadi Khoja Director of Strategy at Dubai Smart City said that the many benefits of the Smart City Project at Kochi are not limited to being an investment project which provides more than 90000 jobs and three times of that number indirectly but also it represents an important landmark in the prestigious global stature of Kerala. He added that the projectswill attract many international specialised companies in technology which would take them on the radar of international companies.

The Cochin container terminal is the youngest of five ports and is the only transshipment hubs supported by a hinterland that extends across the country and has a captive volume of more than eight million of Twenty Foot Equivalent Unit or TEUs.

Explaining logistics Itty said "At present we have a million TEU capacity scale but we expect to take up to 4 million at the completion of the third phase. Currently we have a total land area of 112 hecters. We have our development chalked out in a phased manner. The port enjoys a draft of 14.5 metre a draft adequate to service the largest ships afloat. We are connected to a rail network in other words the trains can be taken to any part of India. We have got a 4.68km rail freight bridge exclusively built for this project."

According to him south India's container market accounts for closed to two million TEUs 25 per cent of India's trade. "Today all containerised trade from this area finds its way overseas through transshipment out of international hubs. And we want to position ourselves as the perferred choice for India's container business."

WAM/Hazem/bashir

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