VOC Port’s fa­cil­ity for han­dling raw cot­ton

Cargo Talk - - Shipping -

Ad­her­ing to the ‘Ease of Do­ing Busi­ness’ ini­tia­tive, the raw cot­ton stor­age fa­cil­ity, to ac­com­mo­date around 500 TEUs, was planned in the Cus­toms-bonded area of Dak­shin Bharat Gate­way Con­tainer Ter­mi­nal. The cot­ton can be stocked for a pe­riod of 30 days free of cost. Cus­toms has is­sued the nec­es­sary guide­lines for han­dling im­ported raw cot­ton and its stor­age in the fa­cil­ity.

The fa­cil­ity will al­low in­ter­na­tional cot­ton traders to bring the com­mod­ity and store it in the port yard and sell the cot­ton ei­ther to the mills in In­dia or have the lever­age of sell­ing it to other coun­tries as well. It is per­ti­nent to note that the fa­cil­ity will aid tex­tile mills in get­ting cot­ton at in­ter­na­tional prices within a short span of a week, thereby in­creas­ing yarn pro­duc­tion in Tamil Nadu. The fa­cil­ity will also have a rip­pling ef­fect by strength­en­ing the tex­tile value chain, par­tic­u­larly knit­ting, weav­ing, gar­ment­ing, tex­tile pro­cess­ing, ap­parel sec­tor, etc. In or­der to give im­pe­tus to the im­port of con­tainer­ised raw cot­ton, V.O. Chi­dambara­nar Port has agreed to levy nom­i­nal rent on the con­tain­ers car­ry­ing raw cot­ton han­dled at the port by traders.

In the sec­ond phase, a Free Trade Ware­hous­ing Zone (FTWZ) will be es­tab­lished in the Port es­tate with world class in­fra­struc­ture for ware­hous­ing of raw cot­ton, hav­ing sta­teof-the-art equip­ment, trans­porta­tion and han­dling fa­cil­i­ties, com­mer­cial of­fice space, wa­ter, power, com­mu­ni­ca­tions and con­nec­tiv­ity, with one-stop clear­ance of im­port and ex­port for­mal­i­ties. The port has iden­ti­fied 52.40 hectares of land in the Port area for set­ting up the FTWZ and is in the process of fi­nal­is­ing the de­tailed project re­port for the same.

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