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.

As per this MoU, both will explore strategic opportunities together and enable the state’s growing trade.

Speaking at the occasion, Mr Vikash Agarwal, Managing Director, Maersk South Asia, commented, “We have a long-standing 25-year relationship with the state of Tamil Nadu. 

The state’s conducive business ecosystem, robust infrastructure and a future-proof talent pool make it an attractive destination to invest in.”

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.”

The state of Tamil Nadu is currently connected to the global ocean network through Maersk’s two major service calls. Maersk also has a cold storage facility in Chennai, which caters to its customers’ frozen and chilled cargo.

In addition to these, Maersk will now explore opportunities to invest in land development to create logistics hubs. 

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.

Finally, Maersk will also invest in building a fleet of electric trucks that will ensure sustainable and environment-friendly distribution. 

Mr V. Vishnu IAS, Managing Director and CEO, Guidance, Tamil Nadu, said, “We are happy to collaborate with Maersk as a strategic logistics partner. We believe this collaboration would bring the right global expertise, network, and ambition”.