Transworld Group to Build Container Plant in Gujarat
Container PlantWiki

Transworld Group to Build Container Plant in Gujarat

Business Line reported that Dubai-based Transworld Group has signed an agreement with state owned Sagarmala Development Company Ltd to build a

Business Line reported that Dubai-based Transworld Group has signed an agreement with state owned Sagarmala Development Company Ltd to build a cargo container manufacturing facility in Gujarat with an investment of about INR 200 crore. An official with the Ministry of Ports, Shipping and Waterways said "Indian coastal shipping adds about 10,000 twenty-foot equivalent units of new containers annually, while India's largest container rail operator Container Corporation of India may require 2,000 to 2,500 TEUs of new containers every year. Almost all the shipping containers used today are imported from China. By the time they reach Indian shores, they cost us around 40% more, including ocean freight, Customs duty, other taxes, custom house agent charges and sundry expenses.”

China makes about 90% of global shipping containers. CIMC is the largest container manufacturer with a market share of 40%. Other players include Singamas, COSCO and CXIC.

No stories found.
SteelGuru Business News
www.steelguru.com