TCI, CONCOR to operate ILSPL

New Delhi : Transport Corporation of India (TCI), an integrated supply chain and logistics solutions provider, and Container Corporation of India Limited (CONCOR), a container logistics company, on Monday announced commencement of operations of Infinite Logistics Solutions Pvt. Ltd (ILSPL)-their Joint Venture company.

In ILSPL, TCI will hold 51% of the equity shares, which it had recently acquired and the remaining 49% is held by CONCOR.

Vineet Agarwal, Executive Director, TCI, said, ?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.?

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.