CONCOR and BHEL jointly setting up multimodal logistics facility in Haridwar

The Container Corporation of India (CONCOR) and Bharat Heavy Electricals Ltd (BHEL) have signed a Memorandum of Understanding (MoU) and are moving ahead to jointly set up a rail-based logistics terminal in Haridwar, Uttarakhand, to leverage BHEL’s strategic location and CONCOR’s expertise in logistics. This would be BHEL’s strategic entry into a new growth area. This terminal would soon be developed into a multimodal logistics facility, said a release.

BHELCON, a Joint Working Group (JWG) entity has been formed and a JWG agreement has been signed with equal financial participation by CONCOR and BHEL, the release disclosed.

Besides meeting BHEL’s own requirements, the terminal would cater to the large number of industries located in the neighbouring SIIDCUL as well as other nearby industrial clusters. These industries would benefit from the cost of rail transportation being significantly cheaper than transportation by road. Moreover, the Haridwar plant is in close proximity to both the upcoming Eastern and Western Dedicated Freight Corridors and, therefore, advantageously placed to benefit from them in future.

The proposed Multimodal Logistics Park will be a state-of-art facility catering to the needs of the ex-im and domestic trade in this part of Uttarakhand. It will work as a Private Freight Terminal (PFT), facilitating the handling of railway wagons too. The terminal is expected to meet the long-awaited need for a rail-based facility in the Haridwar area, the release pointed out.