Friday, September 11, 2020

BLR Airport opens India’s first on-airport public bonded 10k sq ft warehouse

Bangalore International Airport (BIAL) has opened India’s first on-airport public bonded warehouse, with 10,000 sq ft warehouse facility, under the jurisdiction of the City Commissionerate, Bengaluru Customs and operational responsibility of Cargo Service Center (CSC).

“This facility will reduce supply chain costs and facilitate trade at India’s IT hub and surrounding regions. The public bonded warehouse will help re-export of goods, long-term storage of bonded cargo, assist in partial clearances and allow value-added services such as labelling, packing and repacking services,” said the release.

Satyaki Raghunath, chief strategy & development officer, BIAL, said, "At BIAL, our vision is to make BLR Airport a cargo hub, equipped with state-of-the-art infrastructure and cutting-edge technology to deliver efficient operations. In order to simplify processes and meet customer demands with the help of key stakeholders, including the Bengaluru Customs, BIAL has taken this step to set up India’s first on-campus Public Bonded Warehouse. This demonstrates BIAL’s commitment to support the airport cargo community, as well as bolster the growth of BLR Airport as a cargo hub.”

Due to the presence of IT & BT companies, multinational companies and retail brands, Bengaluru handles a large volume of imports. The new facility will play a significant role in boosting the economy of the region, by improving trade and connecting markets around the world.
11/09/20 ITLN
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