Cochin Port Trust to boost cargo movement at the Erode zone
KOCHI: The Cochin Port Trust (CPT) is opening up to investment, and has initiated a slew of measures to support exporters in the Erode Zone, said CPT chairman-in-charge G Senthilvel. He was addressing an interactive session of exporters and importers, organised by the Confederation of Indian Industry (CII) - Erode Zone, at Erode on Monday.
The objective of the session was to discuss the various measures adopted by the CPT to handle cargo from the North West and Tamil Nadu in a cost-effective and efficient manner, for the benefit of trade and development. The meet also discussed investment opportunities at the CPT. Sentilvel said the CPT had direct sailing to Europe, the Mediterranean and the Far East, in addition to regular sailings to the Gulf and Colombo.“Kochi provides seven days’ saving in transit time and savings of US$100-$200 in the overall supply chain cost to Europe-bound exports. The Walayar checkpost has introduced a green channel for vehicles, sales tax and Excise duty for EXIM cargo, which has resulted in quick clearance of Customs/Excise-sealed and self-sealed containers there.
Meanwhile, the CONCOR has started service from Coimbatore to the Cochin Port on every Saturday to transport export containers, and from Cochin Port to Coimbatore on every Thursday,” he said.