APM Terminals, which operates Pipavav port and a container terminal at Nhava Sheva port, has unveiled plans to expand its inland terminal services business in India.
“We recognize inland services as a particularly important component of the high-growth Indian market, and we will explore investment and expansion opportunities accordingly,” CEO Kim Fejfer said.
The global port terminal operator said the inland container logistics market in India holds good growth potential and is “projected to exceed $3.5 billion in 2013.”
“Increased productivity and enhanced inland services options can go a long way toward addressing infrastructure deficiencies and promoting trade and economic growth, and we intend to remain industry leaders in both areas,” Fejfer said, after a tour of the company’s inland terminal at Nhava Sheva with officials of APMT India.
Subhasis Ghosh, managing director APMT India, said the company’s inland facilities handled 300,000 20-foot-equivalent units in the first quarter of 2013. “With the Indian government’s ambitious plans to increase overall port capacity, inland services will become an increasingly important segment of the domestic logistics chain.”
APMT currently operates freight station warehouse units at seven locations in India. The company in April signed an agreement with Pipavav port to open a 50,000-square-meter (538,200-square-foot) facility with an annual capacity of 30,000 TEUs in the first phase and 50,000 TEUs when fully developed.
In addition, APMT is building a new warehouse center at the Vallarpadam container terminal, a DP World facility in Cochin Port, jointly with local firm MIV Logistics.