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Chidambaranar Port inks MoU with Central Warehousing Corporation

Fiinews by Fiinews
June 11, 2019
in Exports, Industry Sectors, Investment, Manufacturing
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CWC to operate Tuticorin DPE facility

PIB
MoU was signed on 10 June 2019 by T.K. Ramachandran, Chairman, V.O. Chidambaranar Port Trust and Arun Kumar Shrivastava,Managing Director, Central Warehousing.

The V.O. Chidambaranar Port Trust, Tuticorin and Central Warehousing Corporation (CWC) have signed a Memorandum of Understanding for facilitating Direct Port Entry (DPE) of e-sealed factory stuffed export container to the port under ‘Ease of Doing Business’.

With this MoU, CWC would make use of the 18,357 sqm area earmarked in the Truck Parking Terminal located opposite to Fisheries College, Tuticorin, for operating and managing the DPE facility for 30 years on Annual Lease Rental basis.

The Direct Port Entry (DPE) facility would enable direct movement of containers from factories without intermediate handling requirement at any Container Freight Station thus facilitating the shippers to gate-in their factory-stuffed goods directly to the Container Terminal on 24 x 7 basis, said the Shipping Ministry on 10 June 2019.

At present, the factory stuffed (self-sealed) containers are taken to 15 Container Freight Stations (CFSs) and one ICD operated in Tuticorin. All the CFSs operate during the day time from 10 AM to 5 PM with extended time up to 8 PM on working days. Only one CFS operated by CONCOR has 24×7 service.

Hence, with this DPE facility made available by the port at the Truck Parking Terminal, the export clearance of factory stuffed e-sealed containers will be faster and the time and cost incurred will get reduced. fiinews.com

Tags: Central Warehousing CorporationV. O. Chidambaranar Port Trust
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