Date of Post: 7 Feb, 2019
State-run CONCOR (Container Corporation of India Ltd) has inked a pact with Russia’s JSC RZD Logistics on 30.01.2019, to explore opportunities in the logistics sector.
“An MoU (memorandum of understanding) has been signed between CONCOR and JSC RZD Logistics, Russia, for exploring the logistics opportunities in Russia, India and International corridors, including but not limited to the International North South Transportation Corridor,” it said in a BSE filing.
- Mr Viacheslav Valentik, CEO of the company, signed the Memorandum on behalf of RZD Logistics and Mr. Sh. V. Kalyana Rama, Chairman & Managing Director, signed the document on behalf of CONCOR.
- “First of all, the parties agreed to join efforts in the improvement of logistics cooperation between Russia and India and to develop high-potential projects in the area of container shipments between the countries,” RZD Logistics said in a release.
- It also said that the parties are also planning to work on new top-quality logistic services designed to further increase the efficiency of the North-South International Transport Corridor, which is operated by RZD Logistics.
- Mr. Valentik noted at the signing ceremony,”Partnership with Concor opens strategic perspectives for the RZD Holding, making it possible for the company to strengthen its positions on Eurasian market of multimodal logistics by developing new joint logistics products for international trade.”
- “Turnover of goods between Russia and India is constantly growing and both countries are interested in developing modern logistics services, operating, in particular, along the North-South ITC – a promising project, which has already turned into one of the most important transport arteries of Eurasia and contributes to further collaboration between our countries.”
- CONCOR was incorporated in March 1988 under the Companies Act and commenced operation from November 1989 taking over the existing network of 7 inland container depots (ICDs) from the Indian Railways.
- Currently, it has the largest network of 81 ICDs or container freight stations in India (73 terminals and 8 strategic tie-ups).
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