Container Corporation of India Ltd. (CONCOR) has signed a non-binding Memorandum of Understanding (MoU) with Vizhinjam International Seaport Ltd. (VISL) on February 23, 2026. The agreement focuses on the joint development of a Container Freight Station (CFS) near the Vizhinjam International Seaport in Kerala. This strategic move aims to strengthen multimodal logistics capabilities and enhance cargo handling efficiency at the upcoming deep-water transshipment hub.
Strategic Collaboration for Logistics Enhancement
Container Corporation of India Ltd. (CONCOR), a Navratna CPSE, announced that it has entered into a crucial agreement with Vizhinjam International Seaport Ltd. (VISL), an undertaking of the Government of Kerala. The formal signing of the non-binding and non-exclusive Memorandum of Understanding (MoU) took place on 23 February 2026 in Thiruvananthapuram.
Development of Container Freight Station (CFS)
The primary objective of this partnership is the joint development of a Container Freight Station (CFS) in the vicinity of the Vizhinjam International Seaport, Kerala. Under the terms of the MoU, VISL will provide the necessary land on mutually agreed terms. The organizations plan to jointly develop the CFS, which is designed to offer comprehensive, seamless end-to-end services to customers.
Expected facilities at the CFS include a Customs-bonded area, warehouse facilities, container handling and storage yards, Import-export cargo handling capabilities, and Weighbridges.
Vision and Future Commitments
This collaboration is rooted in the shared vision of strengthening multimodal logistics capabilities and boosting cargo handling efficiencies at the Vizhinjam International Seaport, positioning it as a gateway for global maritime trade. CONCOR views this as a reinforcement of its commitment to delivering seamless, rail-led multimodal logistics solutions and expanding critical logistics infrastructure in line with the evolving demands of India’s EXIM trade.
Following the signing, both parties will proceed to enter into a detailed agreement to formalize the specific terms and conditions of mutual collaboration.
Source: BSE
