By IANS
Mumbai : The Mundra Port & Special Economic Zone Ltd (MPSEZ), a car export terminal in Gujarat, will be ready and operational by early 2009.
The company has already signed an agreement with Maruti Suzuki India Ltd (MSIL) for exporting 250,000 units per year last month, according to the MPSEZ CEO Sandeep Mehta.
It has entered into an exclusive agreement with MSIL and it would be open to similar deals for car exports with other automobile manufacturers, Mehta said at the India Maritime Summit here Wednesday.
The car handling capacity of the MPSEZ would be increased from 250,000 to 400,000 units by 2010, Mehta revealed.
Apart from this, the total cargo capacity of MPSEZ would also be increased from 30 million metric tonnes (MMT) to 50 MMT by 2010, and then to 120 MMT by 2015.
The company also plans to construct a coal terminal with a capacity of 35 MMT by 2010.