en.Wedoany.com Reported - PSA Mumbai and Container Corporation of India Limited (CONCOR) have signed a Memorandum of Understanding (MOU) to engage in strategic cooperation on railway freight transportation. The signing ceremony was held on May 15 at CONCOR, attended by Vincent Ng, Regional CEO (Middle East, South Asia, Africa, and Turkey) of PSA International, Sanjay Swarup, Chairman and Managing Director of CONCOR, along with senior officials from both parties.

The MOU aims to leverage the infrastructure and operational strengths of both parties to enhance seamless connectivity between PSA Mumbai and CONCOR's market-leading network of over 68 Inland Container Depots (ICDs) and domestic terminals across India. Key objectives of the cooperation include promoting the transportation of domestic, coastal, and customs-cleared containers via railway services, and operating regular container block trains between PSA Mumbai and CONCOR terminals, subject to operational feasibility and regulatory approvals.

The agreement is expected to strengthen multimodal logistics connectivity, support efficient cargo movement between major Indian ports and inland regions, alleviate road congestion, reduce turnaround times, and achieve more cost-effective and environmentally friendly freight transportation.

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