News Details

Boxco Logistics & Coldman Logistics ink MoU to collaborate on developing & operating cold chain businesses

 

BOXCO LOGISTICS INDIA PVT. LTD, the logistics arm of J. M. BAXI Group, has inked a Memorandum of Understanding (MoU) with COLDMAN LOGISTICS PVT. LTD, India’s leading cold chain service provider, for collaborating on developing and operating cold chain businesses across the J. M. Baxi Group’s cargo handling terminals.

 

Under this cold chain alliance, the first facility to come into operation will be BOXCO’s world class Temperature Controlled Warehouse (TCW) in Sonepat, Haryana.

 

The TCW is very strategically located, with close proximity to Asia’s largest wholesale fruits and vegetables market (Azadpur Mandi, Delhi), Mega Food Park (Panipat), Delhi NCR region, the upcoming Delhi Mumbai Industrial Corridor (DMIC) and Kundli Manesar Palwal Expressway.

 

The facility will have storage capacity of 8,300 tonnes, with multiple temperature zones and fully mechanised handling equipment. The J. M. Baxi Group built this state-of-the-art facility at a capex of around Rs 50 crore, said a release.

 

Said Mr Nandan Yalgi, Director, Boxco Logistics India Pvt. Ltd: "With this alliance, a new era begins in cold chain operations in the ex-im logistics industry. We have great expectations from this alliance and envisage to jointly create more such facilities in the country in the near future."

 

Mr Ravi Kannan, CEO, Coldman Logistics, commented: "With this collaboration we will be able to offer comprehensive solutions to our customers in temperature-controlled environment from ocean freight, Customs clearance, trucking, rail, to end consumption point. This will improve the delivery of key product lines to the market."

 

Source: Exim News Service - Mumbai, Jan. 23

EXIM INDIA PROFILE

click here!!

Search News

Currency Import Export
U.S.Dollar 71.97 71.07
U.K.Pound 90.07 88.29
Euro 79.86 78.50

As On 16th September, 2019

more forex rates...

Currency Import Export
U.S.Dollar 72.80 71.10
Sterling Pound 89.65 86.50
Euro 80.80 77.85

w.e.f.6th September, 2019

more custom rates...

CURRENT EVENT