VW India Awards CFS Award
News: Volkswagen India has announced that APM Terminals ' Mumbai Container Freight Station (CFS) has won the Supplier Appreciation Award for FY11/12, reports the Journal of Commerce. The facility has helped to transport vehicles from Volkswagen's Chakan manufacturing plant in the state of Maharashtra. The EUR580mn (US$748mn) plant is approximately 125km from the p ort of Mumbai.
BMI View: The primary issue in Indian shipping continues to be the state of the nation's ports. Investment in the 12 'major' state-run facilities has not kept up with the demand engendered by the rapid economic growth experienced in India over the past decade. This is leading to repeated issues of congestion in the ports; investment is now being made, but this may be a case of too little too late. The contrast between these creaking facilities and the newly built private ports which are increasing in number around the country is stark.