APM Terminals Will Invest in Indian Ports
APM Terminals CEO, Kim Fejfer, met with Minister of Shipping G. K. Vasan and other government officials to discuss existing and new terminal and port development projects in one of the world’s fastest-growing economies. He was in India to review progress at APM Terminals facilities at Gateway Terminals India (GTI) located in Jawaharlal Nehru Port Trust (JNPT), Mumbai and Port Pipavav in Gujarat and accompanied by Charles Menkhorst, CEO of the Africa Middle East, India Region.
“As one of the most robust and important emerging economies, India is certainly an area of great interest in the shipping industry, and a nation in which we see tremendous potential for growth in the port industry,” stated Fejfer, whose schedule included a trip to the Inland Container Depot in Mumbai.
The Indian economy has been forecast to grow by 8.8% in 2010, and 8.4% in 2011 by the International Monetary Fund’s World Economic Outlook April 2010 report. In Q1 2010, container volumes at South Asian ports surged by 25.6%, faster than the 15% growth recorded world-wide in container traffic.
Kim Fejfer’s discussions focused on infrastructure support and a commitment to work together to aid India’s growth. “Based on the size of India’s economy and population – as well as the country’s 2009 container volumes of only 7 million – we can help make a difference in India’s future”, added Fejfer. His schedule included meetings with senior government officials in New Delhi, inspections of Gateway Terminals India (GTI), at JNPT, and the Container Freight Station (CFS) at Dronagiri Node, North Mumbai and a visit to the Global Service Centre in Pune.
Source: hellenicshippingnews, July 20, 2010;