Balmer Lawrie signs MoU with Central Warehousing for cold chain logistics

Balmer Lawrie & Co. Ltd has signed a Memorandum of Understanding (MoU) with Central Warehousing Corporation (CWC) to use CWC’s warehousing and warehouse space for the provision of cold chain logistics, general warehousing and other ancillary services. This would be valid for a period of ten years from the date the MoU was signed.

As part of the merger, Balmer Lawrie and CWC will work together to leverage each other’s capabilities and complement each other to provide clients with services that meet the growing needs of the segment. Both organizations would work together to strengthen and expand their presence not only in cold chain logistics but also in general warehousing and distribution across India, the company said in a press release.

The collaboration with CWC will unify Balmer Lawrie’s cold chain division’s ambition to reach over £100m by 2027 and the deployment of temperature controlled mini-warehouses with a capacity of 1,500 to 2,000 pallet positions in Tier II and III cities give the country a boost. It would also help fill the supply gap in the cold chain logistics segment and make a significant contribution to the country’s economy, Adika Ratna Sekhar, chairman and chief executive officer of Balmer Lawrie, said in the statement.

According to Amit Kumar Singh, Managing Director, CWC, the cold chain business is new to CWC and the synergy of Balmer Lawrie’s cold chain expertise and CWC’s reach/presence in key strategic locations will transform the dynamics of cold chain logistics in the time ahead.

“Among other infrastructure, we have 458 warehouses across the country, and Balmer Lawrie can use them to explore mutually beneficial business opportunities,” he said.

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