Transport Corporation of India (TCI), India's leading integrated supply chain and logistics solutions provider and Container Corporation of India Limited (CONCOR), a leading Container Logistics Company of India today announced commencement of operations of Infinite Logistics Solutions Pvt. Ltd (ILSPL) a Joint Venture Company of CONCOR and TCI. In Infinite Logistics Solutions Pvt. Ltd. (ILSPL), TCI will hold 51% of the equity shares, which it had recently acquired and the remaining 49% is held by CONCOR.
ILSPL will offer end-to-end multimodal logistics solutions and establish an integrated rail-road cargo service thereby creating synergies between the two most widely used modes of transportation. The JV will offer comprehensive solutions for its customers by offering seamless services using the rail infrastructure of CONCOR and the road infrastructure of TCI. It will also run operations on dedicated routes and based on specific needs of customers, can offer customised solutions.
Speaking at the occasion, Mr. Vineet Agarwal, Executive Director, TCI said, "The JV Company, ILSPL will use the core competencies of the JV partners - TCI and CONCOR to offer multi modal cargo transportation. TCI will ensure the first and last mile delivery of the cargo. With this JV, TCI Is pleased to offer its customers a cost effective, reliable and time bound Rail Road solution.
Mr. Anil Gupta, Managing Director, CONCOR, said, "It is CONCOR's mission to provide efficient and reliable multi-modal logistics support for the country's EXIM and domestic trade and commerce and with this JV with TCI, we are getting a step closer to it. Containerized multi-modal door-to-door transport which ILSPL will offer would prove to be better and more cost effective solution for heavy cargo over medium and long distances."
The mission of the ILSPL will be to become the Preferred Logistics partner for corporates seeking responsive and sustainable multi-modal logistics solutions. The USP of the company will be the pan India presence, huge asset and strong infrastructure base and the ability to offer solutions to all product segments. This is possible because of the reach, strong infrastructure and product offerings of TCI and CONCOR.
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