DP World Commences Operations at Cochin Economic Zone

Dubai-based logistics operator DP World announced on Tuesday that it has commenced operations at the Cochin Economic Zone, its third such facility in India. This new facility, spanning 75,000 square feet, is Kerala's first free trade warehousing zone (FTWZ) and is strategically located within the Cochin Port premises of the Vallarpadam terminal.

DP World's Cochin Economic Zone is designed to enhance supply chain solutions for enterprises engaged in global trade. It seamlessly integrates with the company's strategic multimodal logistics network, complementing the two other economic zones DP World operates in India: the Nhava Sheva Business Park (NSBP) in Mumbai and the Integrated Chennai Business Park (ICBP) in Chennai.

The new zone significantly boosts Cochin Port's capabilities, positioning it as India's first transshipment terminal. The facility integrates 67 value-added services, offering businesses an advantage in their supply chain operations.

"Our aim in establishing economic zones is to enhance global trade opportunities by streamlining supply chains, resulting in cost savings and seamless connectivity. Our integrated solution in Cochin provides value-added services, linking ports to the wider supply chain through multimodal connectivity," said Ranjit Ray, Senior Vice President - Economic Zones Middle East, North Africa, and Subcontinent at DP World. He added that the new facility will support export-import (EXIM)-oriented businesses and open doors for global companies to enter the Indian market.

The Cochin Economic Zone offers excellent connectivity via three national highways: NH 66 to Mumbai, NH 544 to Salem and Coimbatore, and NH 85 to Rameswaram via Madurai. It also provides convenient rail access within the port premises. Additionally, with Cochin airport located approximately 35 kilometers away, businesses operating within the economic zone benefit from enhanced connectivity.

ET