The Hindu Business Line : Concor, Baxi Group sign logistics pact

Objectives Boxtrans Logistics proposes to concentrate on route between Visakhapatnam and the northern region. To target exports for shipments to Far East and West Coast of the US.

Kolkata , April 24

Container Corporation of India (Concor) and Boxtrans Logistics (India) Pvt Ltd, a special purpose vehicle jointly promoted by United Liner Agencies and J.M. Baxi & Co, both belonging to the J.M. Baxi Group, has entered into a memorandum of understanding (MoU) to use each other's assets to provide efficient and cost-effective logistics-related services.

The MoU was signed on Monday by Mr Rakesh Mehrotra, Managing Director of Concor, and Mr S.C. Misra, President of the J.M. Baxi & Co.

"The MoU cements the desire of both Concor and the J.M. Baxi Group to synergise their efforts to pool scarce resources such that the cost of cargo transportation is reduced and competitiveness of India's exports gets enhanced in the world market", Mr Misra told Business Line over phone from Delhi.

Boxtrans Logistics, which recently obtained the licence to operate container trains on several routes, has already placed orders for 12 rakes, each comprising 45 flats, with a Kolkata-based wagon manufacturer and hopes to have the first rake delivered some time towards the end of this year.

"We will start operation as soon as the first rake is delivered", he said, pointing out that the MoU signed today would help the company access the Concor's terminals in different locations.

To start with, Boxtrans Logistics, as it was pointed out, proposed to concentrate on the route between Visakhapatnam port and the northern region.

It might be noted that United Liner Agencies, in partnership with Dubai Port Authority, has been running the port's container terminal for the past few years. "We'll be targeting, at least to start with, India's exports originating from the northern region for shipments to Far East and West Coast of the US", Mr Misra said , emphasising that there was no reason why this traffic should be routed through the much-congested Jawaharlal Nehru port or for that matter any other port on the country's west coast.

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