A host of Japanese logistics support firms, including K Line, NYK Line, Kawasaki Kisen, Kaisa, Mitsui OSK Line Ltd and Kintetsu are planning an entry into the Indian market to set up logistics support services centres. This is to provide logistics related services to the retail sector and special economic zones (SEZs) in India in Maharashtra, Madhya Pradesh, Gujarat, Goa, Chattisgarh, Chennai, Haldia, West Bengal, Tuticorin and Karnataka, according to industry experts.
Meanwhile, other local companies are all making a beeline to develop free trade economic zones (FTWZs) with a possible logistics support services set up as well. They include, Modern India, Arshiya International, Balaji Infra Project, Fab City SPV, Chennai-based Jafza Business Park and Chiplun Infrastructures Private Ltd.
SEZs are seen as a high growth segment in India, having attracted a lot of interest among corporates, with 513 formal approvals, of which notifications have been issued for 250 SEZs. The retail segment is booming too, and the industry, estimated to be $364 bn in size, is growing at the rate of 50% per annum.
More : financialexpress.com
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