Sattva Conware Private limited  , Ennore CFS – New Container Freight Station to serve the southern Indian port of Ennore   The Eredene Group has committed up to £5 million for an 85% stake to develop and operate a new Container Freight Station (“CFS”) close to the rapidly expanding Indian port of Ennore in the southern State of Tamil Nadu (“Ennore Port”). The investment is a joint venture with the Sattva Business Group with which Eredene has already invested in a separate revenue producing CFS at Vichoor, which serves the nearby port of Chennai. www.sattva.in The new CFS will be located on a State Highway near the town of Ponneri to the north of Ennore. The land will be purchased in phases, with an initial acquisition of around 35 acres. The site will be developed initially as a large-scale warehousing operation to meet existing demand for warehousing services and will be converted into a fully fledged CFS in time for the opening of Ennore’s new container terminal scheduled for 2011. Ennore Port, 24 km north of Chennai, was set up to ease the congestion at Chennai Port. Ennore Port began operations in 2001 and a tender process is currently underway for the construction of a new, 1,000-metre container terminal with an estimated capacity of 1.5m 20 foot equivalent units (“TEUs”) per annum. The Chennai-Ennore region is the centre of India’s automobile industry and a major manufacturing and light industry hub. Major global car manufacturers in the region include BMW, General Motors, Hyundai, Ford and Renault which together with Nissan is setting up a manufacturing facility to export around 200,000 cars every year through Ennore port to the European market.