Japan logistics major enters Indian container business via JV with ACTL

Joint venture to invest Rs 100 cr initially for licence procurement, buying container trains

The Indian container train sector is set to get a Japanese touch soon, with  logistics major Konoike Transport today announcing the forming of a joint venture with New Delhi-based Associated Container Terminals Ltd (ACTL).

The JV company, called Joshi Konoike Transport and Infrastructure, will invest at least Rs 100 crore in the initial stage for licence procurement and to buy container trains.   

Currently, the major private players in India’s private container business include Adani Logistics Ltd, Gateway Rail Freight Limited, Hind Terminals Ltd, India Infrastructure and Logistics Ltd. Konoike Trasport is a leading logistics major in Japan