Toyota Kirloskar signs MoU with Kamarajar Port

Toyota Kirloskar Motor Pvt. Ltd. (TKM) has signed an MoU with Kamarajar Port Ltd. (KPL) (erstwhile Ennore Port) in order to help facilitate the expansion of its export business. The  Kamarajar Port is situated around 24 Km north of the Chennai port in state of Tamil Nadu. The MoU is a win-win for both as TKM will build a long-time relationship with the port, boosting its business and improving its commercial viability in a highly competitive market, and in return, TKM will benefit from the port related tariff concessions, giving a boost to its CBU for export to global markets.

TKM has entered into a 10-year agreement with the port, renewable at every five years. The agreement was signed by the company officials in the presence of Union Shipping Minister Nitin Gadkari and Minister of State for Shipping Pon. Radhakrishnan in New Delhi.  Also present in the MOU signing ceremony was Shekar Vishwanathan Vice Chairman and Whole Time Director, Toyota Kirloskar Motor Pvt. Ltd.