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CONCOR Signs MOU with Russian Railways Company || infrabuddy.com

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CONCOR Signs MOU with Russian Railways Company

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CONCOR (Container Corporation of India limited) a Navratna Company under the Ministry of Railways and a market leader in multimodal logistics services

Container Corporation of India Ltd. (CONCOR) Signs MOU with Russian Railways Company, JSC RZD Logistics (RZDL)

CONCOR (Container Corporation of India limited) a Navratna Company under the Ministry of Railways and a market leader in multimodal logistics services in India and RZD Logistics (RZDL), a Russian Railways Company have agreed to jointly develop multimodal logistics services along INSTC (International North-South Transport Corridor) route. Container Corporation of India Ltd. (CONCOR), a major railway container operator in India and JSC RZD Logistics (RZDL), the biggest multi-modal logistics operator over the region of the CIS and Baltic countries signed a Memo of Understanding on 30.01.2019.

The MoU purports to explore opportunities in developing joint logistical projects both in India and in Russia using international transport corridors, to include, in particular, the International North-South Transport Corridor. The MoU was signed by the Chairman & Managing Director, CONCOR, Shri V. Kalyana Rama and CEO, RZD Logistics Mr.Viacheslav B. Valentik. With the signing of MoU, both the companies intend to set up joint enhancement of Indian-Russian logistical cooperation, develop prospective projects related to container trans-shipment between the countries, designing new top-quality logistical services and aiming at further efficiency improvement of the INSTC route.

To sum up, CONCOR’s partnership with RZD Logistics Russia is a strategic move in terms of Eurasian multi-modal logistics markets. The strategic alliance would strive to design innovative new initiatives to reduce the total logistics cost of international trade, enhancing logistical efficiency and bilateral relations. The Volume of the import and export business between Russia and India has been constantly growing over the years. With this potential in business, both countries have interests in developing state-of-the-art logistical services including INSTC. With INSTC being a prospective project, which is already turning out to be one of the most important transport arteries of Eurasia, the signing of the MoU will promote further cooperation and trust between the two nations. About CONCOR IndiaContainer Corporation of India Ltd. (CONCOR), was incorporated in March 1988 under the Companies Act and commenced operation from November 1989. It is today, an undisputed market leader having the largest network of 68 ICDs/CFSs in India. In addition to providing inland transport by rail for containers, it has also expanded to cover the management of Ports, air cargo complexes and establishing cold-chain. It has played a significant role in promoting containerization in India by virtue of its modern rail wagon fleet, customer-friendly commercial practices and extensive use of Information Technology. The company developed multimodal logistics support for India's International and Domestic containerization and trade. Though the majority of the company’s transportation plan includes rail, CONCOR also has a robust infrastructure for road services and is equipped to cater to the need for door-to-door services, in the International as well as domestic business. For more updates on the architecture and interiors industry visit: www.fortunestreets.com

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