The German company, which has been operating in India in a joint venture with Mumbai-based Western Arya Group, is expected to operate 10 barges on Indian waters to ship cargo, Bartz told Business Standard.
"We are convinced that the navigation channels of national waterways 1 and 2 are of huge potential for speeding up the ambitious infrastructure that India is looking to build. These are excellent opportunities where one can use waterways. A barge can lift 800 containers or 5,000 tonnes of any bulk cargo," he said.
These barges, estimated to be worth $10 million each, will be brought in from overseas, but the firm eventually would tap into the local supply chain.
This story is from the October 29, 2024 edition of Business Standard.
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This story is from the October 29, 2024 edition of Business Standard.
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