State-owned Container Company of India Ltd (Concor) is quickly beginning coastal motion of products as a part of its multi-modal logistics technique to supply an inexpensive, quick, and cleaner mode of transportation.
In June this yr, Concor and Transport Company of India (SCI) signed a Memorandum of Understanding (MoU) to discover enterprise alternatives for leveraging the benefit of one another’s infrastructure and expertise in synergy to supply seamless and cost-effective end-to-end logistics companies to clients underneath a single window.
Sanjay Swarup, CMD, Concor said that coastal transport is a really eco-friendly mode of transport. The corporate had launched the coastal transport companies pre-Covid in Jan 2019 and had developed some streams from Gujarat to the South. The service was stopped in 2020 throughout Covid.
“So now we’ve collaborated with the Transport Company and really quickly, we will probably be beginning coastal motion from Gujarat to South India and even from South to the japanese facet of the nation. So you’ll hear very quickly that we’re going to begin the coastal motion,” Swarup lately advised traders.
The MoU will allow SCI’s transport companies to develop Concor’s footprint in abroad areas and likewise to foray into the sector of coastal and inland waterways commerce to supply a variety of customisable logistics options for the advantage of commerce at massive.
The commodities recognized for the coastal route embody waste paper, ceramic tiles, sanitary ware, soda, cotton bale and client durables.
Concor has been specializing in offering first- and last-mile connectivity to its clients and coastal transport is usually a key hyperlink to this. It has additionally began a logistics app for offering first-mile and last-mile companies.
“First mile, final mile (FMLM) has been a really huge hit. I can now share the quantity numbers with you. Within the first quarter (Q1FY25), within the first mile, final mile, we had an revenue of Rs 82 crores, which is a development of 35% year-on-year,” mentioned Swarup.
The corporate has stored a development goal of fifty% for FY25.
“We’re fairly assured that with the launch of the app on a pan-India foundation and different measures that we’re taking like educating the purchasers of the advantages. So we will obtain 50% FMLM,” he added.
