Kerry Indev Logistics wins award for highest exports from FTWZ
THE Free Trade Ware housing Zone (FTWZ) unit of Kerry Indev Logistics Pvt. Ltd (formerly known as Indev Logistics Pvt. Ltd) has been bestowed with the Export Excellence Award for 2014-15 and 2015-16 by the Office of the Development Commissioner, MEPZ – Special Economic Zone & HEOUs, Ministry of Commerce and Industry, Government of India, headed by Ms Nirmala Sitharaman, Minister of State (Independent charge), Ministry of Commerce and Industry. Kerry Indev Logistics won the award for “Highest Exports for the period 2015-16 under SEZ Unit Miscellaneous category”.
Such awards will be the driving force behind initiatives like the Prime Minister Mr Narendra Modi’s “Make in India”, the company said in a statement. Indev Logistics has been contributing towards building the country’s infrastructure since its inception, with its services offering Competent, Competitive and Comprehensive integrated logistics solutions under one roof. It has strong presence pan- India in various verticals of SCM such as Customs broking, CFS, AFS, ICDs, Bonded Warehouse, 3PL Warehouse, Transportation, NVOCC, Cold Chain Warehouse, International Freight Forwarding as well as FTWZ.
FTWZ, a policy of the government of India, is a special category of Special Economic Zone (SEZ). It is governed by the SEZ Act, 2005 and SEZ Rules, 2006 with a clear focus on trading and warehousing. As per the SEZ rule 18 (5) and instruction 60, a FTWZ unit shall be allowed to hold goods on behalf of Indian buyer/seller, foreign buyer/seller for despatch as per the owner’s instruction.
Indev Logistics commenced its FTWZ operations in Chennai with warehousing space of 26,394 sq. feet and
strength of 15 employees in July 2013, and within a short span of five months, the unit increased its warehousing space to 43,000 sq. feet. There has been continuous further transformation and improvement, with the warehousing space being expanded to 2,00,000 sq.feet along with state-ofart equipment and IT systems.
The FTWZ unit became ISO 9001:2015 certified in 2016, with employee strength of more than 150.
The 32-year-old Indev Logistics Pvt. Ltd merged with Kerry Logistics Pvt. Ltd, the Hong Kong-based logistics giant, and rebranded itself as Kerry Indev Logistics Pvt. Ltd in April 2016 to expand its trademark and network globally. Kerry Indev sourced 15 acres of land on long lease for a period of 30 years, with scope for further extension, at Adani Port and Special Economic Zone, Mundra, Gujarat to develop the first phase of a new FTWZ unit with 70,000 sq. feet area. There are plans to expand the facility and have FTWZ unit and CFS in the same premises. Mr Xavier Britto, Chairman of Kerry Indev Logistics, said: “Kerry Indev is ready with costand business-effective last mile delivery and supply chain solutions to offer to our customers under the GST regime. We are part of a fast-growing international freight forwarding network that is ranked among the first 25 global forwarders and covers the entire globe.”