Adani and NYK Auto Logistics form railway joint venture

Adani Logistics and NYK Auto Logistics have agreed to form a joint venture specialising in transporting finished automobiles by rail.

To begin with, the joint venture will run six automobile freight trains but it expects to have 25 running in three years time.

Adani Ports and Special Economic Zone (APSEZ), of which Adani Logistics is a subsidiary, said in a statement that the automobile sector is witnessing rapid growth and that investment in transporting vehicles by rail would help reduce carbon dioxide emissions.