Mundra Port, Wallenius Wilhelmsen, and NYK Sign MOU for Automobile Terminal
November 28, 2008
Mundra Port and Special Economic Zone (MPSEZ), Wallenius Wilhelmsen Logistics (WWL) of Norway, and Nippon Yusen Kabushiki Kaisha (NYK) of Japan have signed a Memorandum of Understanding (MOU) for setting up a world-class dedicated automobile terminal.
Mundra port is set to become a hub for the handling of automobiles because of its proximity to major auto manufacturers in the north and west of India. In January 2009, auto manufacturers will start to export finished cars to Europe through Mundra port. These manufacturers will be using port facilities that will be able to handle 200,000 cars per year before the new dedicated auto terminal facilities are completed.
In line with a vision of developing MPSEZ as a leading port offering a wide variety of services to its customers, the automobile terminal is the latest development by the Adani Group, which is a partner of MPSEZ. MPSEZ is pleased to be setting up this world-class automobile terminal facility at Mundra in partnership with WWL and NYK. The new facility will conform to international standards and make use of best practices, and for NYK, the terminal in Mundra will bring efficiencies to the auto logistics industry, which will help to make India a global player in automotive logistics.