The Nissan-Renault joint venture has selected the Ennore Port over the Chennai Port to export the cars to be produced at its plant coming up in Oragadam, 50 km from Chennai. Both ports had been trying hard for the project. According to Mr Rakesh Srivastava, Joint Secretary, Ministry of Shipping, an agreement is to be signed soon between Ennore Port Ltd (EPL) and the Nissan-Renault joint venture. EPL’s board cleared this proposal to create the necessary infrastructure to handle export cars. EPL will invest Rs 110 crore on creating a multi-purpose berth to handle Nissan-Renault export cars and which can also be used as a general cargo berth, he said on the sidelines of the ICICI Bank SME Expo Logistics and Material Handling 2008.
The two-day event, which ended on Friday, was an international logistics and material handling business expo organised by INIS Enterprises at the Chennai Trade Centre.
Car plant
Automotive India Pvt Ltd, a joint venture of Renault and Nissan, will construct a car plant to annually produce 4 lakh cars. The plant, which is to start production in two years, is coming up at an investment of Rs 4,500 crore and will employ 4,000 people.
Mr S. Velumani, Chairman and Managing Director, EPL, said Nissan-Renault has committed to export 90,000 cars in 2010-11 from Ennore and gradually increase it to 1.80 lakh from the fourth year. The terminal will have a 250-meter length and a depth of 12 metres. A stack yard will be created to park 1.40 lakh cars, he told Business Line.
The two-day event, which ended on Friday, was an international logistics and material handling business expo organised by INIS Enterprises at the Chennai Trade Centre.
Car plant
Automotive India Pvt Ltd, a joint venture of Renault and Nissan, will construct a car plant to annually produce 4 lakh cars. The plant, which is to start production in two years, is coming up at an investment of Rs 4,500 crore and will employ 4,000 people.
Mr S. Velumani, Chairman and Managing Director, EPL, said Nissan-Renault has committed to export 90,000 cars in 2010-11 from Ennore and gradually increase it to 1.80 lakh from the fourth year. The terminal will have a 250-meter length and a depth of 12 metres. A stack yard will be created to park 1.40 lakh cars, he told Business Line.