MOU
CONCOR and CWCNSL signed MOU
Container Corporation of India Ltd. (CONCOR) and Continental Warehousing Corporation (Nhava Sheva) Ltd. (CWCNSL) have signed an Agreement today wherein CONCOR rakes have been provided exclusive access at the three rail connected terminals of CWCNSL at Panipat, Jakhwada and Thimmapur. CONCOR a Navratna PSU, under Ministry of Railways, Government of India is the market leader in multimodal logistics in our country. CWCNSL is a fast growing logistics organization developing CFSs and rail terminals.
The synergies between CONCOR and CWCNSL are likely to give much needed boost to the movement of both EXIM and Domestic containerized cargo by rail in the catchment areas of these three terminals. Trade will derive huge benefit from reduced first and last mile connectivity costs as well as from 24 x 7 access to these terminals. The transaction cost of imports and exports is likely to come down once the operations start. Both the organizations have decided to work together to give satisfactory services to Trade.
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