With the development of coastal shipping in India, soon a car manufactured at a Sriperumbudur plant near Chennai would be able to reach Mithapur in GujÂarat within five days. While the companies can move 50 truckload of cargo in one ship, the water transportation method would also bring down manufacturing cost of the product, fuel expense and reduce carbon footprint.
Tag: Xavier Britto
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Indev to take up coastal shipping in a big way
Logistics services provider Indev is planning to enter the costal shipping arena, stated Indev Group Chairman Xavier Britto. To this end, the company is planning to set up a container freight station spread over 20 acres at Visakhapatnam within the next two years at an investment of Rs 75 crore. Indev, which has two million sqft of warehousing space across 14 locations in the country, is planning to add another one lakh square feet of warehousing facility at a cost of Rs 40 crore near Noida soo