APM Terminals JV Inks AP Solar Project Deal

APM Terminals Inland Services, South Asia has signed a contract with Mahindra Susten to provide exclusive Third Party Logistics (3PL) services in India for an upcoming 260 mw solar power project in Andhra Pradesh (AP). The 3PL offering will provide an integrated logistics management solution to Mahindra Susten for the two thousand nine hundred TEU containers of solar panels being imported from China to India through the Port of Chennai. The solar panels will be transported to Gani village in the interiors of Andhra Pradesh to set up a solar power plant.

The 3PL service offering by APM Terminals Inland Services is a leap towards expanding its portfolioto provide integrated solutions to serve its customers connecting the hinterland to the world.It will leverage its state-of-the art infrastructure, global experience and logistics knowhow to execute this project.

“We are pleased to be the exclusive 3PL provider for this project by Mahindra Susten, one of the leading renewable energy brands in India. This is also a wonderful opportunity to cater to the Indian hinterland, and contribute to the environment.” said APM Terminals India Pvt. Ltd. Managing Director, Ajit Venkataraman.

Mahindra Susten, the ‘Cleantech’ arm of Mahindra Partners - the $900 million private equity division of the Mahindra group, has been expanding its footprint across India since 2010 and is aiming to reach USD 1 bln mark this year. With the Government’s focus on renewable energy and expected capacity addition of 6 gw in 2016, India is set to become the fourth largest solar market after China, the USA and Japan. Under the ‘Make in India’ campaign, India has set an ambitious target of 100,000 MW of solar power by 2022; the solar plant installation capacity is expected to grow at a whopping 70% in 2016 alone.