NEW DELHI: Reliance Industries (RIL) is entering into an alliance with Container Corporation of India (Concor), the country’s largest container train operator. Both entities are in advanced stages of talks and MoU is expected to be signed shortly.
Under the partnership, RIL will have access to several infrastructural facilities of Concor, including almost 60 terminals across the country.
According to sources, RIL intends to utilise these facilities as key warehousing points for Reliance Retail. Through its rail and road network, Concor will provide multi-modal connectivity to RIL for the movement of goods for its retail venture.
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Tuesday, August 28, 2007
Reliance to roll out retail bandwagon on Concor network
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