Arshiya Int’l signs deal of Rs 71cr with Kalmer Industries

Arshiya International Ltd a global supply chain & logistics infrastructure services company signed a purchase deal worth Rs. 71 crore with Finnish equipment manufacturer, Kalmar Industries (part of Cargotec Corporation) to supply seven (7) E-One+ rubber-tyred gantry (RTG) cranes and ten (10) DRF450 reachstackers. The equipment is intended to be deployed for cargo/container handling for Arshiya’s Free Trade Warehousing Zones (FTWZ) & Rail sidings. This initial deal is part of the first wave of purchase orders made against the company’s announcement to invest approx. Rs. 2,800/- crore into its logistics infrastructure (FTWZ) & Rail business.

The equipment will help Arshiya in achieving the maximum productivity, reliability and cost efficiency while also meeting the toughest environmental standards on pollution, discharges, noise, safety and working environment. For further fuel saving and reduced emissions, Arshiya has additionally opted for cranes fitted with variable speed generator (VSG) systems.

Free Trade Warehousing Zone’s (FTWZ’s); which are deemed foreign territories is a unique concept being implemented by Arshiya International Ltd. Examples of benefits to Arshiya’s customers (domestic & global) through this pioneering venture would be Duty/Tax Incentives, Faster Regulatory Clearances, Reduced Capital Expenses, Visibility, Flexibility and most importantly, Significant reduction in Working Capital Cost towards their activities. Arshiya plans to create 5 FTWZ’s in India (Mumbai, Delhi, Nagpur and undisclosed location in the South) integrated with CFS (Container Freight Stations) and 1 in the Middle East. The first of the FTWZ’s, is a 180 acre zone in Panvel, Mumbai at an investment cost of approx Rs. 1,200 crore; which will be completed by March 2011.

Arshiya additionally has announced a Rs. 1,600 crore investment in connecting the company’s pan-India rail siding & warehouse networks and FTWZ’s through a dedicated rail network. Towards this end, Arshiya has placed an order for 75 Rakes (3,375 wagons) that will make them the largest private rail operator in the country by January, 2010. Anticipated savings through rail-based product movement for Arshiya’s customers would be 15% - 20%; depending product mix and distance travelled. Arshiya’s 1st rake will be operational by November 15, 2008.

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