20.10.15. India’s Aegis Group has been allotted 3 acres of land at Mangalore Port to build a storage terminal. The land was allotted on a 30 year lease by New Mangalore Port Trust.
Mangalore, situated on the country’s west coast in Karnataka State, is India’s third largest maritime gateway in terms of port of lading (POL). In its latest financial year New Mangalore handled 12 percent of India’s major port POL traffic.
With the land allocation, Aegis Logistics will expand its presence in Indian ports to six. It already has facilities in Mumbai, Pipavav, Kandla, Kochi and Haldia.
Anish Chandaria, managing director & CEO commented: “Aegis Group is continuing with its strategy of building a necklace of terminals along the Indian coastline. The land allotment at Mangalore fits well with the strategy to add more terminals to our portfolio, offering customers logistics services throughout India at every gateway into and out of the country.”