An initiative which will have far reaching implications in reducing logistics cost and boosting ease of doing business, Union Minister Mansukh Mandaviya inaugurated direct port entry facility at VO Chidambaranar Port.
Speaking on the occasion through video conferencing, the Union Minister of state for Shipping said that the facility will help increase ease of doing business for exporters and will bring efficiency by improving competitiveness of shippers in international trade and reduce dwell time and tariff cost.
The new facilities will also enable direct movement of containers from factories, without intermediate handling at any CFS, thus facilitating shippers to gate-in their factory stuffed exports directly to the container terminal on 24×7 basis and can handle 18,000 twenty-foot equivalent units (TEUs) per month.
Shipping Secretary Sanjeev Ranjan, senior officials of the ministry; TK Ramachandran, Chairman, VO Chidambaranar Port Trust; Arun Kumar Shrivastava, Managing Director, CWC and other port officials were present in the virtual inauguration.
