Home / Knowledge / News / Logistics / Russian firm, CONCOR ink pact for cargo transport via Iran

Russian firm, CONCOR ink pact for cargo transport via Iran

29
Feb '20
Pic: Shutterstock
Pic: Shutterstock
India and Russia can move goods between both sides through Iran within three months, according to the Container Corporation of India (CONCOR) chairman and managing director V Kalyana Rama, who recently said CONCOR signed a service agreement with RZD Logistics JSC, a Russian Railways subsidiary, to transport cargo between both countries using a single invoice.

The move will benefit exporters and importers between India and Russia by lowering transit time and cost of transportation compared to existing transportation via Suez Canal. The new route will sharply cut time of moving goods to 25-28 days from about 40 days now as it will avoid the present circuitous sea route through the Suez Canal, and also result in significant cost savings, according to Indian media reports.

India’s exporters will soon be informed regarding the exact cost of transportation, said Kalyana Rama. CONCOR also hopes to get favourable terms of operations from Iran’s Chahbahar Port, which is managed by India and is out of the US sanctions list.

RZD Logistics said that CONCOR intends to provide its container fleet and equipment for organising and developing transportation on the International North-South Transport Corridor (INSTC) through Iran and Azerbaijan.

The INSTC project will link India with Russia and East European countries. RZD Logistics JSC is the the largest multimodal logistics operator in the CIS and Baltic countries, and CONCOR is the largest container train operator in India owned by the government.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 19th Sep 2020

US firms in some sectors moving out of PRC: Goldman Sachs

Goldman Sachs has said US firms in only specific industries are...

Pic: Shutterstock

Apparel/Garments | On 19th Sep 2020

Sri Lanka's textile & garment exports down 25% in Jan-July

Sri Lanka’s earnings from textiles and garments exports decreased by...

Pic: Avery Dennison Fastener Solution

Apparel/Garments | On 19th Sep 2020

Avery Dennison’s new tag fastener degrades in soil

Avery Dennison Corporation Fastener Solutions has unveiled a tag...

Interviews View All

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Top executives, Textile industry

Top executives
Textile industry

In 10 years' time, everything will have the responsible factor integrated

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Lukas Hartmann,

Lukas Hartmann

Intex Consulting GmbH is a completely integrated enterprise resource...

Luciano Sardini,

Luciano Sardini

A consolidated reality in Italy and internationally, IMA Spa is well-known ...

Tom,

Tom

<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search