JSC RZD Logistics, the largest multimodal logistics operator in the CIS and Baltic countries, and Container Corporation of India Ltd (Concor), India’s largest operator of railway container shipments, signed the Memorandum of Understanding (MoU) for exploring logistics opportunities in Russia, India and International Transport Corridors (ITC), including to the North-South ITC.
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 Container Corporation of India Ltd. 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. 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.
«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», – noted Mr. Viacheslav Valentik, CEO of RZD Logistics, at the signing ceremony.
Container Corporation of India Ltd. (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).