NYK Auto Logistics (India), a part of automotive ocean transportation and logistics major NYK Group of Tokyo, has entered into an agreement with Gujarat Pipavav Port Ltd. (APM Terminals Pipavav) to set up a dedicated Roll-on/Roll-off (Ro-Ro) automobile yard at Pipavav port in Gujarat.
Under the arrangement, Gujarat Pipavav Port has sub-leased 85,000 sq. meters of land for 10 years inside its premises to NYK Auto to develop a dedicated common user integrated Ro-Ro terminal.
The facility would also have a pre-delivery inspection (PDI) unit and a vehicle processing centre (VPC). The yard would be commissioned in mid-2015.
“NYK shall implement global best practices at Pipavav Ro-Ro terminal and support the growth of automotive exports from India under Prime Minister’s ‘Make in India’ initiative. The yard at Pipavav will have an annual designed capacity of 2.50 lakh vehicles,” Naotaka Ishizawa, Managing Director, NYK Auto Logistics (India),said.
NYK group operates 18 Ro-Ro terminals globally, including seven in China, Thailand and Singapore.
“The common user integrated Ro-Ro terminal with PDI and VPC at Pipavav shall provide global quality services to customers in northern and western automotive cluster,” Takaya Soga, General Manager, NYK Auto Logistics Group, Tokyo, said.
Gujarat Pipavav Port will provide all the port and related facilities for ensuring smooth and seamless flow of automobile cargo. “We are committed to increasing our existing service portfolio from container, bulk, liquid and now automotive cargo. NYK is a proven leader in operating auto terminals worldwide, and has an extensive fleet of Ro-Ro ships offering regular sailings to and from the major ports around the globe,” Prakash Tulsiani, Managing Director, Gujarat Pipavav Port,said.
Gujarat Pipavav Port shares closed with a gain of 2.40 per cent at Rs.175.25 on the BSE.
