A.P. Moller–Maersk (Maersk) and the Government of Tamil Nadu signed a Memorandum of Understanding (MoU) during the Tamil Nadu Global Investors Meet 2024. Maersk and the government entered a partnership that allows both to explore strategic opportunities together and enable the state’s growing trade.
“We have a long-standing 25-year relationship with the state of Tamil Nadu. The states’ conducive business ecosystem, robust infrastructure and a future-proof talent pool make it an attractive destination to invest in. We offer robust integrated logistics solutions in Tamil Nadu to various global and local customers across sectors such as Renewables, Automotive, Electronics, etc. Looking at the potential for growth in trade out of the state, we are now ready to explore opportunities that will allow us to develop land for integrated logistics hubs, build warehousing infrastructure and a sustainable distribution network to strengthen our integrated logistics solutions,” commented Vikash Agarwal, Managing Director, Maersk South Asia.
Maersk will explore opportunities to invest in land development to create logistics hubs. These logistics hubs will implement the best practices from global examples to drive maximum efficiency while delivering resilience to customers’ supply chains. Maersk will also study the customer needs for storage facilities and build modern, state-of-the-art warehousing facilities that would incorporate the latest warehouse management systems for the most efficient inventory management and focus on waste reduction.
As per the press release, the government of Tamil Nadu will provide Maersk with the right access to information, enable faster decision-making and provide a conducive environment to implement the latest in technology and best global practices.
