New Delhi: Global logistics operator DB Schenker India has signed an agreement with state-owned Container Corporation of India (CONCOR) for a strategic collaboration in export-import and domestic businesses in the logistics and supply chain space.
CONCOR has a presence with 64 container terminals while DB Schenker has over 50 warehouses spread over 5 million square feet of space in the country.
This Memorandum of Understanding (MoU) underscores the "commitment" of the two companies to contribute to sustainable supply chain practices and domestic multi-modal solutions in the logistics industry, DB Schenker said in a statement.
"Road continues to be the dominant mode of transport in India and through this strategic partnership for rail freight, we want to significantly change the trend towards a low carbon future," said Kinjal Pande, Chief Executive Officer at DB Schenker, Cluster India and Indian Subcontinent.
The two organisations will provide a bouquet of services to customers, helping them further improve 'ease of doing business,' Sanjay Swarup, chairman and managing director of CONCOR, said.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)