The Tumb ICD is expected to serve many Gujarat Industrial Development Corporations (GIDCs) and Maharashtra Industrial Development Corporations (MIDCs), according to a press release by Adani Logistics Ltd.
The associated 129 acres of land provides an additional expansion path to increase capacity and cargo in the future as more industrial corridors and logistic parks get added along the DFC routes. The Tumb ICD has a private freight terminal with four rail handling lines connected with Western DFC and has custom notified land and bonded warehouse facilities, added the release.
“In addition to cargo moving by rail being 5X greener than that moving by road, another prime benefit of the access to the DFC is the savings in average transit times that is expected to be 10 hours by rail versus 24 hours by road,” said Karan Adani, CEO and whole time director of Adani Ports and Special Economic Zone Ltd (APSEZ).
The deal is subject to customary regulatory and lender’s approvals and is expected to be closed in the second quarter of fiscal 2023.
Fibre2Fashion News Desk (NB)