India’s first 10,000 square feet on-airport public bonded warehouse has been set up in Bengaluru. The facility in Kempegowda International Airport will help in the re-export of goods and long-term storage of bonded cargo.
Bengaluru: With an aim to make Kempegowda International Airport (KIA) a cargo hub, the airport recently opened India’s first on-airport public bonded warehouse.
The warehouse is expected to reduce supply chain costs and facilitate trade in and around Bengaluru.
According to KIA, the facility will help re-export goods, long-term storage of bonded cargo, assist in partial clearances and allow value-added services such as labelling, packing, and re-packing services.
The 10,000 square feet warehouse facility will be operated by Cargo Service Centre (CSC) and fall under the jurisdiction of the City Commissionerate, Bengaluru Customs.
The airport’s spokesperson told an online news portal that KIA was the third busiest cargo airport in the country and the busiest in south India.
The spokesperson said, “The new facility will play a significant role in boosting the economy of the region by improving trade and connecting markets around the world”.
Based on a press release by the airport the KIA offers the largest air cargo terminal in south India, with a handling capacity of 5,70,000 metric tons and an average time of nine hours, including major manufacturing clusters across south India.
During the first five months between April and August 2020, Bengaluru airport processed 99,154 Metric tons of cargo with a recording of 92% growth in cargo air traffic movements.
Bengaluru airport is emerging as the third busiest cargo airport in the country and busiest in South India.
Last Updated 12, Sep 2020, 10:47 AM