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Gateway Distriparks' Vallarpadam CFS commences operations

Announcement  |  Corporate 

Gateway Distriparks Ltd’s 60% subsidiary, Gateway Distriparks (Kerala) Ltd (GDKL) commenced CFS operations, handling export container through the International Container Trans-shipment Terminal (ICTT) in Kochi.

ICTT, the prestigious Vallarpadam Container Port in Kochi and GDKL’s Container Freight Station (CFS) will help facilitate EXIM trade in the region.

ICTT, operated by DP World, will be one of the largest container terminals in India and is expected to make a significant change in the way maritime trade is conducted in India.

GDKL’s CFS is located opposite to ICTT and is spread across 6.5 acres. The CFS will have warehousing facilities and container storage facilities. The CFS will also provide a separate area which will permit Customs Authorities to inspect cargo on wheels. These combined facilities, along with the CFS’s proximity to ICTT will primarily help in lowering transaction costs for importers and exporters and strengthen the trade.

GDKL owns another 22 acres at Kalamasserry, which will be developed in the next phase.

GDKL, incorporated in 2006, is a joint venture between GDL and Chakiat Group with 60% & 40% respectively. GDL is one of the largest players in the container logistics industry with CFSs at Mumbai, Chennai, Vizag & now Kochi and rail-linked ICDs (Inland Container Depots) near Gurgaon (NCR), Ludhiana & Faridabad. Chakiat is a well-established business group into shipping and related activities since 1952. Chakiat is also a shareholder of ICTT.

About Gateway Distriparks Limited
Gateway Distriparks Ltd is a Container logistics company with Pan-India presence providing Container Freight Station (CFS) and Inland Container Depot (ICD) services. GDL operates two large CFSs at JNPT and CFSs at Chennai, Vizag & Kochi. GDL operates cold chain logistics business through its subsidiary, Snowman Logistics Limited (SLL), a JV with Mitsubishi Group and through another subsidiary, Gateway Rail Freight Limited (GRFL) operates own container trains and Rail-ICDs near Gurgaon, Ludhiana & Faridabad.

First Published: Wed, May 09 2012. 18:59 IST