MPSEZ signs MoU with Nippon, WWL

Image
BS Reporter Mumbai
Last Updated : Jan 20 2013 | 10:38 PM IST

Mundra Port and Special Economic Zone (MPSEZ) signed a Memorandum of Understanding (MoU) for setting up dedicated automobile terminal with Nippon Yusen Kisha (NYK) of Japan and Norway-based ship liner WWL.

NYK, a leading auto terminal operator worldwide, has extensive fleet of Ro-Ro-ships, which offers regular sailing to form the major ports around the globe. And WWL has fleet of 60 pure car, truck carriers and Ro-Ro vassals for providing global, cost effective reliable ocean service, said a release issued by the MPSEZ.

MPSEZ is set to become hub for handling automobile due to its proximity to major auto manufacturers in Western and Northern India. Maruti Suzuki and Nissan will start their exporting operation to Europe using Mundra port from January next year, a release added.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 18 2008 | 1:04 PM IST

Next Story