Indian and Bangladeshi Logistics Giants Forge Alliance
WAREHOUSING & LOGISTICS

Indian and Bangladeshi Logistics Giants Forge Alliance

Pristine Logistics & Infraprojects (PLIL), a prominent integrated rail terminal operator in India, is expanding its operations into neighbouring Bangladesh through a partnership with Summit Alliance Port (SAPL), a leading local player in the off-dock sector. The collaboration was formalised through a memorandum of understanding signed on August 27 with Summit Alliance Port, which is listed on the Dhaka and Chittagong Stock Exchanges.

The key focus of this alliance is to establish joint venture companies that will develop rail-linked Inland Container Depots (ICDs), Container Freight Stations (CFSs), and Multi Modal Logistics Parks (MMLPs) at strategically vital locations in Bangladesh. Summit Alliance Port, responsible for handling a significant portion of Bangladesh's containerised cargo, plays a pivotal role in the country's trade.

By creating world-class rail-based cargo hubs, PLIL and Summit Alliance Port aim to bolster Bangladesh's logistics infrastructure. They intend to cater to the transportation needs of exporters and importers by providing long-haul rail services from Indian locations to the border and inland regions of Bangladesh. Furthermore, the partnership aims to offer an array of services, including warehousing, consolidation, labelling, packaging, multimodal transport options, container repair, and distribution, ensuring connectivity to gateway ports for Bangladesh's trade community.

PLIL, with its extensive experience, operates rail terminals and logistics services in India and Nepal. They run Inland Container Depots (ICDs), Private Freight Terminals (PFTs), and logistics parks in various locations, providing comprehensive cargo solutions encompassing both containerised and non-containerised cargo.

Summit Alliance Port, on the other hand, operates inland container depots and container freight stations in Bangladesh, with additional facilities in Chittagong Port and river terminals in India. This strategic partnership signifies a significant step in enhancing cross-border trade and logistics connectivity in the region.

Pristine Logistics & Infraprojects (PLIL), a prominent integrated rail terminal operator in India, is expanding its operations into neighbouring Bangladesh through a partnership with Summit Alliance Port (SAPL), a leading local player in the off-dock sector. The collaboration was formalised through a memorandum of understanding signed on August 27 with Summit Alliance Port, which is listed on the Dhaka and Chittagong Stock Exchanges.The key focus of this alliance is to establish joint venture companies that will develop rail-linked Inland Container Depots (ICDs), Container Freight Stations (CFSs), and Multi Modal Logistics Parks (MMLPs) at strategically vital locations in Bangladesh. Summit Alliance Port, responsible for handling a significant portion of Bangladesh's containerised cargo, plays a pivotal role in the country's trade.By creating world-class rail-based cargo hubs, PLIL and Summit Alliance Port aim to bolster Bangladesh's logistics infrastructure. They intend to cater to the transportation needs of exporters and importers by providing long-haul rail services from Indian locations to the border and inland regions of Bangladesh. Furthermore, the partnership aims to offer an array of services, including warehousing, consolidation, labelling, packaging, multimodal transport options, container repair, and distribution, ensuring connectivity to gateway ports for Bangladesh's trade community.PLIL, with its extensive experience, operates rail terminals and logistics services in India and Nepal. They run Inland Container Depots (ICDs), Private Freight Terminals (PFTs), and logistics parks in various locations, providing comprehensive cargo solutions encompassing both containerised and non-containerised cargo.Summit Alliance Port, on the other hand, operates inland container depots and container freight stations in Bangladesh, with additional facilities in Chittagong Port and river terminals in India. This strategic partnership signifies a significant step in enhancing cross-border trade and logistics connectivity in the region.

Next Story
Infrastructure Energy

Greaves Electric Mobility Files for IPO

Electric-vehicle manufacturer Greaves Electric Mobility has announced plans to raise Rs 10 billion through an initial public offering (IPO), as stated in its draft papers filed. The company, recognised for its 'Ampere' brand of electric scooters, also produces three-wheelers under a separate brand. Greaves Electric’s major shareholders, Greaves Cotton—a publicly listed entity—and investment firm Abdul Latif Jameel Green Mobility Solutions, will collectively sell approximately 189.4 million shares through the IPO. This move positions Greaves Electric alongside larger competitor Ather En..

Next Story
Infrastructure Energy

IREDA Approves Rs 30 Billion for Odisha's Renewable Energy Projects

Indian Renewable Energy Development Agency (IREDA) has approved funding exceeding Rs 30 billion for renewable energy projects in Odisha as the state strives to achieve its goal of 10 GW capacity by 2030. Pradip Kumar Das, Chairman and Managing Director of IREDA, shared this update during the Odisha Solar Investor Conclave organised by GRIDCO. He emphasised that accessible financing is crucial to fostering the adoption of renewable energy. Das outlined IREDA's significant contributions to funding renewable energy projects in Odisha, spanning sectors such as solar, hydro, ethanol, and renewable..

Next Story
Infrastructure Energy

Oil Prices Rise Amid Light Pre-Christmas Trading

Oil prices edged higher during light trading ahead of the Christmas Day holiday. The increase was attributed to positive US economic data and growing oil demand in India, the third-largest importer of oil globally. Brent crude futures rose by 33 cents, or 0.45 per cent, to reach $72.95 per barrel, while US West Texas Intermediate (WTI) crude futures gained 29 cents, or 0.42 per cent, settling at $69.53 per barrel as of 0114 GMT. Economic indicators in the United States highlighted a surge in new orders for key manufactured capital goods in November, driven by robust demand for machinery. Add..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000