Japanese manufacturer Mitsubishi Motors is looking at the possibility of establishing a dedicated car terminal to export 1m vehicles a year from India in a joint venture operation with Indian car maker Maruti Suzuki and Nissan Motor Co.
Such a project is expected to require investment in the region of Rs35bn-40bn ($770m-$880m).
The Japanese government has appointed consultancy firm Pacific International to collect information on the initiation of the project.
A team from the consultants made visits to a number of Indian ports on the country’s western coastline, including Jawaharlal Nehru port, Hazira, Mundra, Kandla and Pipavav. Mitsubishi has also sent teams to visit a number of ports in India to examine the possibility of setting up vehicle export facilities.
Such a project is expected to require investment in the region of Rs35bn-40bn ($770m-$880m).
The Japanese government has appointed consultancy firm Pacific International to collect information on the initiation of the project.
A team from the consultants made visits to a number of Indian ports on the country’s western coastline, including Jawaharlal Nehru port, Hazira, Mundra, Kandla and Pipavav. Mitsubishi has also sent teams to visit a number of ports in India to examine the possibility of setting up vehicle export facilities.