Allcargo Global Logistics Ltd has informed that the Company has entered into a joint venture agreement with Container Corporation of India Ltd (CONCOR), a Public Sector Undertaking engaged in the business of, inter-alia, Container Rail Transportation, ICD operations, Warehousing, Road Transportation, Coastal Shipping and Cold Chain Logistics, for setting up of Container Freight Station (CFS) / Inland Container Depot (ICD) at Dadri, Greater Noida in Uttar Pradesh for catering the container traffic of North India.
The proposed venture would help both the Companies in achieving significant growth in their respective business genre by attracting high volumes of existing NCR LCL Cargo at Dadri CFS / ICD. The said venture is expected to commence operations by January 2009.
In this regard the Company has issued the following Press Release:
Allcargo Global Logistics Ltd (Allcargo) and Container Corporation of India Ltd(CONCOR), both premier players in their respective areas of business, namely, MultiModal Transport Operations & CFS operations and Rail Container Logistics, have formed a Joint Venture Company (yet to be named) for establishment of a CFS at ICD Dadri, Greater Noida in the State of Uttar Pradesh. This facility would be built at the CONCOR ICD at Dadri and would cater to the container traffic of North India.
The state of the art facility would be developed on area of 40,000 sq. mtrs and would have the capacity to handle 84,000 teus pa. This facility is expected to commence operations by Jan09.
The proposed venture would help both the Companies in achieving significant growth in their respective business genre by attracting high volumes of existing NCR LCL Cargo at Dadri CFS / ICD. The said venture is expected to commence operations by January 2009.
In this regard the Company has issued the following Press Release:
Allcargo Global Logistics Ltd (Allcargo) and Container Corporation of India Ltd(CONCOR), both premier players in their respective areas of business, namely, MultiModal Transport Operations & CFS operations and Rail Container Logistics, have formed a Joint Venture Company (yet to be named) for establishment of a CFS at ICD Dadri, Greater Noida in the State of Uttar Pradesh. This facility would be built at the CONCOR ICD at Dadri and would cater to the container traffic of North India.
The state of the art facility would be developed on area of 40,000 sq. mtrs and would have the capacity to handle 84,000 teus pa. This facility is expected to commence operations by Jan09.
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