Container Corporation of India signs MOU with PSA Mumbai for rail-based cargo movement

Arunika Jain — Fri, 15 May 2026 11:54:12 +0000

Container Corporation of India Limited (CONCOR) has entered into a Memorandum of Understanding (MOU) with Bharat Mumbai Container Terminals Pvt. Ltd. (PSA Mumbai), India’s largest container terminal at JNPA, for strategic collaboration in rail-based movement of domestic/cabotage and customs-cleared EXIM cargo.

The MOU aims to leverage the infrastructure and operational strengths of both organisations to enhance seamless connectivity between PSA Mumbai and CONCOR’s network of Inland Container Depots (ICDs) and domestic terminals across India.

The MOU was signed on 15th May 2026 in New Delhi, India, in the presence of Mr. Sanjay Swarup, CMD of CONCOR and Mr. Vincent Ng, Regional CEO of Middle East South Asia, Africa & Turkiye, PSA International, along with senior officials from CONCOR and PSA.

Key objectives of the collaboration include:
• Facilitating movement of domestic/cabotage cargo and customs-cleared EXIM containers through rail-based services between PSA Mumbai and CONCOR terminals.
• Optimal utilisation of available yard space and rail handling infrastructure at PSA Mumbai for aggregation, staging and evacuation of cargo.
• Enhancing logistics efficiency by promoting rail evacuation, reducing road congestion, improving turnaround time and ensuring cost-efficient cargo movement.
• Operating scheduled container train services between PSA Mumbai and CONCOR terminals, subject to operational feasibility and regulatory approvals.
• Exploring the feasibility of a broader strategic alliance agreement for mutually beneficial logistics and terminal-related activities.

The arrangement is expected to strengthen multimodal logistics connectivity and support efficient cargo movement between ports and hinterland locations across India.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Sanjay Swarup | Business Upturn

Container Corporation of India signs MOU with PSA Mumbai for rail-based cargo movement