Logistic DP World starts handling the Cochin Economic Zone

07 Jun 2024 CW Team

Ranjit Ray, Senior Vice President, Economic Zones Middle East, North Africa, and Subcontinent at DP World, explained that their objective in establishing economic zones was to enhance global trade opportunities by streamlining supply chains, resulting in cost savings and seamless connectivity. He emphasised that their integrated solution in Cochin provided value-added services, linking ports to the wider supply chain through multimodal connectivity. He further mentioned that the new facility would not only support export-import (EXIM)-oriented businesses but also create opportunities for global companies to enter the Indian market. The facility offers convenient rail access within the port grounds in addition to connection via three national roads, namely NH 66 to Mumbai, NH 544 to Salem and Coimbatore, and NH 85 to Rameswaram via Madurai, according to the business. Businesses working inside the economic zone benefit from better connectivity, as the Cochin airport is located around 35 km away from the facility, it noted.

DP World, a logistics company located in Dubai, said that it has started operating its third facility in India, the Cochin Economic Zone, to offer improved supply chain solutions to businesses involved in international commerce. The new building, which occupies 75,000 square feet, is Kerala's first free trade warehouse zone (FTWZ) and is well situated inside the Vallarpadam terminal's Cochin Port. According to a statement from DP World, this is the third economic zone that easily connects with the business's multimodal logistics network. The Nhava Sheva Business Park (NSBP) in Mumbai and the Integrated Chennai Business Park (ICBP) in Chennai are the two additional economic zones that DP World manages in India. According to the corporation, the Cochin Economic Zone is the first transhipment terminal in India, which greatly improves Cochin Port's capabilities. It also offers businesses an edge in their supply chain operations with its 67 value-added services that are seamlessly integrated. Ranjit Ray, Senior Vice President, Economic Zones Middle East, North Africa, and Subcontinent at DP World, explained that their objective in establishing economic zones was to enhance global trade opportunities by streamlining supply chains, resulting in cost savings and seamless connectivity. He emphasised that their integrated solution in Cochin provided value-added services, linking ports to the wider supply chain through multimodal connectivity. He further mentioned that the new facility would not only support export-import (EXIM)-oriented businesses but also create opportunities for global companies to enter the Indian market. The facility offers convenient rail access within the port grounds in addition to connection via three national roads, namely NH 66 to Mumbai, NH 544 to Salem and Coimbatore, and NH 85 to Rameswaram via Madurai, according to the business. Businesses working inside the economic zone benefit from better connectivity, as the Cochin airport is located around 35 km away from the facility, it noted.

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