Container Corporation of India (CONCOR) and Shipping Corporation of India (SCI) recently signed a Memorandum of Understanding (MOU) on June 3, 2024. This strategic collaboration aims to explore synergies between their infrastructure and expertise to provide seamless and cost-effective end-to-end logistics services.
Business Opportunities
CONCOR and SCI will jointly explore business opportunities by leveraging each other’s strengths.
Infrastructure Advantage: The companies intend to capitalize on their infrastructure advantages to enhance logistics services.
Seamless Solutions: The collaboration aims to offer seamless logistics solutions to customers through a single window.
Overseas Expansion: CONCOR plans to utilize SCI’s shipping services to expand its footprint in overseas locations.
Coastal & Inland Waterways Trade: The MOU also opens avenues for CONCOR to venture into coastal and inland waterways trade.
Conclusion
The CONCOR-SCI partnership holds promise for the logistics industry, benefiting trade and customers alike.
Did you subscribe to our daily Newsletter?
It’s Free! Click here to Subscribe!
Source: Capital Market
