Mumbai: Mundra Port and Special Economic Zone Limited (MPSEZ) has signed a memorandum of understanding to establish a dedicated automobile terminal.
The agreement, with Japan’s Nippon Yusen Kaisha (NYK) and Norway’s Wallenius Wilhelmsen Lines, will substantially boost the Indian port’s current capability of 200,000 cars per annum. Captain Sandeep Mehta, ceo of operations at MPSEZ said "We are pleased to join hands with WWL and NYK to setup a world class automobile terminal facility at Mundra which will help us in imbibing the international best practices." Mundra, which boasts container handling operations, already has contracts in place with Maruti Suzuki and Nissan for export of their cars to Europe beginning January 2009 (prior to completion of the dedicated terminal). "We believe that building this terminal in Mundra will bring efficiencies in auto logistics industry which will help in making India a global player in automotive logistics," said Koji Shinozaki, NYK Japan deputy gm.
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