Container Corporation of India Limited (CONCOR), a Navratna CPSE of the Government of India, has signed a Memorandum of Understanding (MOU) with Bharat Mumbai Container Terminals Pvt. Ltd. (PSA Mumbai), India's largest container terminal at JNPA, for strategic collaboration in rail-based movement of domestic/cabotage and customs-cleared EXIM cargo.

Key Objectives of the Collaboration

The MOU aims to leverage the infrastructure and operational strengths of both organizations to enhance seamless connectivity between PSA Mumbai and CONCOR's network of Inland Container Depots (ICDs) and domestic terminals across India. The key objectives of the collaboration include:

• Facilitating movement of domestic/cabotage cargo and customs-cleared EXIM containers through rail-based services between PSA Mumbai and CONCOR terminals.
• Optimal utilization of available yard space and rail handling infrastructure at PSA Mumbai for aggregation, staging, and evacuation of cargo.
• Enhancing logistics efficiency by promoting rail evacuation, reducing road congestion, improving turnaround time, and ensuring cost-efficient cargo movement.
• Operating scheduled container train services between PSA Mumbai and CONCOR terminals, subject to operational feasibility and regulatory approvals.
• Exploring the feasibility of a broader strategic alliance agreement for mutually beneficial logistics and terminal-related activities.

Expected Benefits

The arrangement is expected to strengthen multimodal logistics connectivity and support efficient cargo movement between ports and hinterland locations across India.