DP World unveils Chennai's free trade zone
PORTS & SHIPPING

DP World unveils Chennai's free trade zone

Dubai?s DP World, a global provider of supply chain solutions, announced that operations had been launched at Integrated Chennai Business Park, the company?s free trade warehouse zone (FTWZ) at Manali, approximately 30 km north of Chennai.

Ranjit Ray, Vice President  Economic Zones, Middle East, North Africa, and Subcontinent, mentioned that the Chennai facility marked the company?s second FTWZ in India, following the one in Mumbai, which had been operational for 18 months. He informed the media present at the Manali facility that the third FTWZ, situated within the Kochi Port container terminal and operated by DP World, would soon be operational.

Ray noted that prior to the onset of the Covid pandemic, the company had announced an investment of about Rs 17 billion for the construction of three FTWZs in India in phases. He stated that approximately 45 per cent of the capital expenditure had been utilized. Upon full completion in 3-4 years, the facilities would offer approximately 4 million sq ft of warehouse space.

The Chennai unit, spanning 125 acres with 2 million sq ft of warehouse space, was cited as the largest among the three. In comparison, the Mumbai unit covered 85 acres (also 2 million sq ft), while the Kochi unit occupied 10 acres (0.2 million sq ft), according to Ray.

He highlighted the strategic location of the Chennai facility within a 40-km radius of major ports including Kattupalli (~15 km), Ennore (~11 km), and Chennai (~27 km). Ray projected that the current occupancy, standing at around 10 per cent, would rise to approximately 70 per cent by the end of the fiscal year. He praised Tamil Nadu as one of the prime states for housing FTWZs.

Regarding services, Ray mentioned that the facility offered value-added services such as packing and labelling.

He also detailed the capacity of the four warehouses at the Chennai facility, collectively accommodating 17,000 pallet positions to handle specialised and irregularly shaped cargo. Ray emphasised that the warehouses were equipped with temperature control systems, maintaining cargo storage at 2 degrees Celsius.

Dubai?s DP World, a global provider of supply chain solutions, announced that operations had been launched at Integrated Chennai Business Park, the company?s free trade warehouse zone (FTWZ) at Manali, approximately 30 km north of Chennai. Ranjit Ray, Vice President  Economic Zones, Middle East, North Africa, and Subcontinent, mentioned that the Chennai facility marked the company?s second FTWZ in India, following the one in Mumbai, which had been operational for 18 months. He informed the media present at the Manali facility that the third FTWZ, situated within the Kochi Port container terminal and operated by DP World, would soon be operational. Ray noted that prior to the onset of the Covid pandemic, the company had announced an investment of about Rs 17 billion for the construction of three FTWZs in India in phases. He stated that approximately 45 per cent of the capital expenditure had been utilized. Upon full completion in 3-4 years, the facilities would offer approximately 4 million sq ft of warehouse space. The Chennai unit, spanning 125 acres with 2 million sq ft of warehouse space, was cited as the largest among the three. In comparison, the Mumbai unit covered 85 acres (also 2 million sq ft), while the Kochi unit occupied 10 acres (0.2 million sq ft), according to Ray. He highlighted the strategic location of the Chennai facility within a 40-km radius of major ports including Kattupalli (~15 km), Ennore (~11 km), and Chennai (~27 km). Ray projected that the current occupancy, standing at around 10 per cent, would rise to approximately 70 per cent by the end of the fiscal year. He praised Tamil Nadu as one of the prime states for housing FTWZs. Regarding services, Ray mentioned that the facility offered value-added services such as packing and labelling. He also detailed the capacity of the four warehouses at the Chennai facility, collectively accommodating 17,000 pallet positions to handle specialised and irregularly shaped cargo. Ray emphasised that the warehouses were equipped with temperature control systems, maintaining cargo storage at 2 degrees Celsius.

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?