At a recent event, Container Corporation of India Limited (CONCOR) and Bharat Heavy Electricals Limited (BHEL) have agreed to set up a joint working group (JWG) to establish a rail-based logistics terminal in Haridwar.
Both the PSUs are eying to leverage each other’s expertise for mutual benefits. Haridwar is a strategic location of BHEL and with CONCOR’s expertise in the logistics vertical, both the companies will develop a multi-modal logistics facility in Haridwar.
The proposed logistics terminal at Haridwar will feature state-of-the-art logistics facility catering to the need of the EXIM and Domestic trade of this part of Uttarakhand. The facility would work as a Private Freight Terminal (PFT) which will facilitate the handling of Railway Wagons also. This terminal would meet the long-awaited rail-based facility in Haridwar area.
BHEL would utilise the logistics terminal at full strength but Haridwar which is base to a large number of pharma and food processing units in the industrial cluster will also be able to utilise the logistics facility.
These industries would benefit as the cost of rail transportation is significantly cheaper than transportation by road. Moreover, the Haridwar plant is in close proximity to both the upcoming Eastern and Western Dedicated Freight Corridors and strategically placed to take benefit of these in future.
A NAVRATNA company, CONCOR is the market leader in Multimodal Logistics in India with a network of 83 logistics terminal across the country. BHEL, a MAHARATNA, has one of its largest manufacturing units at Haridwar, Uttarakhand since 1967. It has now three manufacturing units and one research centre in the state.