CONCOR-BHEL ink MoU for building logistics terminal

Container Corporation of India (CONCOR) and Bharat Heavy Electricals Ltd (BHEL) have entered into an agreement to set up a rail-based logistics terminal in Haridwar, Uttarakhand. This would be BHEL's strategic entry into a new growth area as the terminal would soon be developed into a multi-modal logistics facility. CONCOR said in an official statement that the partners are moving ahead for jointly setting up the terminal to leverage BHEL's strategic location and CONCOR's expertise in logistics. Besides meeting BHEL's own requirements, the terminal would cater to the large number of industries and the industrial clusters min the vicinity. These industries would benefit as the cost of rail transportation is significantly cheaper than transportation by road. Moreover, the Haridwar plant is advantageously located near the upcoming Eastern and Western Dedicated Freight Corridors.