NEW DELHI. The Shipping Corporation of India Ltd. (SCI) has entered into a multi-party collaboration to strengthen India’s end-to-end logistics ecosystem for export-import (EXIM) and coastal trade. As part of a Government of India initiative led by the Ministry of Ports, Shipping and Waterways (MoPSW) and the Ministry of Railways, SCI has signed a Memorandum of Understanding (MoU) with Container Corporation of India Ltd. (CONCOR), Jawaharlal Nehru Port Authority (JNPA), V.O. Chidambarnar Port Authority (VOC Port), Chennai Port Authority (CPA), and Sagarmala Finance Corporation Ltd. (SFCL).
The MoU focuses on the acquisition, ownership, leasing, and operation of container vessels, containers, and other related logistics assets. The collaboration aims to enhance connectivity for both EXIM and coastal trade, subject to mutual agreement among the participating entities.
According to the disclosure, the broader objective of the partnership is to offer customers a seamless, end-to-end logistics solution by integrating port-based services with land and sea transportation. The initiative brings together the combined expertise and infrastructure of shipping, rail, port, and finance sectors to create a robust and efficient logistics network.
