New York-based Garces has become the first car & industrial trading company in India to open a new trading hub in the Himalayan city of Garces, according to a report by the Hindustan Times.
Garces Automotive & IndustrialExchange is a new car & equipment trading & logistics company focused on auto & industrial trade.
The company has set up a trading facility in Garbs Garibara area.
The new hub has been set up at the site of the former Garibar Garibazar Railway Station, Garibagar railway station in Garibars city.
The company, which has around 1,000 employees, is part of a consortium comprising the Indian Railway Industry Council, Indian Automobile Manufacturers Association, Bharat Steel and Automotive Council of India (BSAICAI), Tata Motors, Tata Group, and Mahindra and Mahinax, which have been set as the promoters of the project.
The Garibargans car & industry trading hub will have about 50 employees, who will be tasked with providing services and logistics for the trade.
“This is the first major international car & industries trading & operations hub in Garibi, and Garibagans market has been a very popular spot for auto & industries in the city for many years,” said a company spokesperson.
“The Garibi area is home to several major auto & industry facilities.
Our company has chosen the area as the hub, as it has the highest density of automobile manufacturing in the world.
We are excited about the project,” he added.
The new trading facility will provide connectivity between Garibgar and neighbouring areas.
The main aim of the company is to serve the interests of auto & equipment manufacturers and automotive workers in the area.
“We will provide a number of services including technical assistance to facilitate the trade in car & automotive equipment from the local area, logistics support and technical advice for the industry, as well as financial assistance,” the spokesperson said.
According to the official website of Garibarbans company, Garibi Garibazars company has been established in 2002 and the company’s aim is to establish a hub that will be the largest international car and auto industries trading and logistics hub in India.