CONCOR and CWCNSL sign MoU to facilitate trade

Container Corporation of India (CONCOR) and Continental Warehousing Corporation (Nhava Sheva) (CWCNSL) have signed an agreement where CONCOR rakes have been provided exclusive access at the three rail connected terminals of CWCNSL at Panipat, Lakhwada and Thimmapur. The synergies between the companies are likely to give a much needed boost to the movement of both exim and domestic containerised cargo by rail in the catchment areas of these three terminals. With this agreement, trade will derive huge benefit from reduced first and last mile connectivity costs as well as from 24×7 access to these terminals.  Moreover, the transaction cost of imports and exports is likely to come down once the operations start.