GTI challenge: Steering the success Success throws up new challenges. (The Hindu Business Line 7th Jan 2008) Success throws up new challenges. This is what the management of Gateway Terminals India Private Ltd (GTI) is now realising. But first the success story.GTI’s container handling terminal at Jawaharlal Nehru port was commissioned in October 2006 with a designated capacity of 1.3 million TEUs to be achieved by 2013, i.e., the seventh year of operation. But by November 2007, the throughput exceeded 10,00,000 TEUs. At this rate, it is felt that the designated capacity will be achieved in 2008 itself. GTI is a joint venture between APM Terminals (APMT) belonging to Copenhagen-based AP Moller Group and India’s Container Corporation of India (Concor). APMT holds 74 per cent and Concor the balance 26 per cent of the paid-up equity capital of Rs 320 crore. The licence agreement was signed in August 2004 and the construction of the container handling terminal cost $238 million. More
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