Adani and NYK join hands for enhancing rail logistics
Adani Logistics (ALL) have signed an agreement with NYK Auto Logistics India (NALI) to form a joint venture which specialises at strengthening finished vehicles transportation service network in India. The automobile sector is witnessing rapid growth. Loading activity in this sector increased by 16 per cent in 2017-18. This growth, coupled with Government of India’s focus on promoting alternative means of transportation to reduce carbon footprint, increasing demand of transporting vehicles through rail mode is gaining traction. The JV company will participate in AFTO policy of Ministry of Railways and offer its automobile freight trains for transporting vehicles across India in more efficient manner and will contribute towards green India.
Karan Adani, CEO, APSEZ, said, “ALL’s strength lies in rail operations and having a network of multi-modal logistics parks, while working closely with APSEZ having a pan India port footprint. This formidable association combines the strengths of individual parent companies, putting the JV in unique position, utilising these readily available assets and expertise, to deliver an end-to-end value driven, asset and service-based, supply chain solutions, to the automobile industry in India. This new company marks yet another milestone in our strategic efforts to explore opportunities in rail transportation by auto wagons in designated territory in India.”