Cochin Port making it big in timber imports
The Cochin port is all set to make it big in timber imports. In an effort to attract more timber imports to Kochi and thereby increase revenue from this source, the CPT has decided to provide ample discounts to timber storage in the CPT yards.
Currently, the Cochin Port is handling about 60,000 tonnes of timber imports every year. The attempt is to make it more than 1.5 lakh tonnes a year. "As of now, most of the imported timber needed for South Kerala comes to the Tuticorin port, where currently about 5.5 lakh tonnes of timber is being handled. The attempt is to attract a share of this to Kochi. We have decided to provide discounts in the storage rate in a slabwise manner. The discount is expected to attract timber imports as a major share of the expenditure goes to the storage charges," said Unnikrishnan Nair, traffic manager, Cochin Port Trust. As part of the new system there will be a 30 percent discount for timber storage at various storage yards under the CPT in the first slab. "The discount will be proportional to the volume of import. When the import increase the rate of discount will also increase. In the second slab we are planning to give a discount of 50 percent in storage charges," he said.
Read More
Currently, the Cochin Port is handling about 60,000 tonnes of timber imports every year. The attempt is to make it more than 1.5 lakh tonnes a year. "As of now, most of the imported timber needed for South Kerala comes to the Tuticorin port, where currently about 5.5 lakh tonnes of timber is being handled. The attempt is to attract a share of this to Kochi. We have decided to provide discounts in the storage rate in a slabwise manner. The discount is expected to attract timber imports as a major share of the expenditure goes to the storage charges," said Unnikrishnan Nair, traffic manager, Cochin Port Trust. As part of the new system there will be a 30 percent discount for timber storage at various storage yards under the CPT in the first slab. "The discount will be proportional to the volume of import. When the import increase the rate of discount will also increase. In the second slab we are planning to give a discount of 50 percent in storage charges," he said.
Read More