On the occassion of the ground breaking ceremony of the new warehouse to be developed by POSCO-ISDC (India Steel Distribution Center) at Dighi Port, Mr. Oh, In-Hwan, Senior Vice-President of POSCO-South Korea said “this is another land-mark achievement in Maharashtra for establishing a full fledged Distribution centre and we look forward to co-operation and growth in this area”.

He further stated that “POSCO has already invested USD 7.5 mn in Maharashtra and by 2012 have proposed to invest upto USD 1 bn. We have chosen “Dighi Port” for setting our Distribution Centre because it has deep draft and is congestion free”. He further added “India has been able to combat recession and many of the Korean companies are interested to invest in India and enhance business relations not only in Maharashtra but also in other states like Chennai and Orissa and major investments would be in the sector of Steel and Automobiles.

Shri. Vijay G Kalantri, Chairman & Managing Director of M/s. Dighi Port Ltd said “we are proud to have POSCO as our preferred customer and we look forward to further strengthening our relationship and will make all endeavours to facilitate further investment from POSCO in upgrading their facilities . Dighi Port will be a deep draft port with 14.5 meters draft and 5 Berths with an





installed capacity of 30 mn tones to start with and shall be partially operational by this month.

Dighi Port is an all weather port located in Raigad district and will be able to handle bulk, break-bulk and container cargo in times to come.

Dighi Port is also a part of the prestigious Delhi Mumbai Industrial Corridor (DMIC).

Mr. Gil-Ho-Bang, Managing Director, POSCO-Pune said “choosing of Dighi Port is because it will be cost efficient and is logistically much better place for our plants in Vile and Talegaon ”.

Mr. Seong-Ro Bae, Chairman & CEO, Dongyang E&C, Mr. Vishal Kalantri, Director, M/s. Dighi Port Ltd., Mr. Vinay Kalantri, Vice President, M/s. Dighi Port Ltd. were also present on the occasion besides others.