Balmer Lawrie & Co. Ltd., a Miniratna I PSE under Ministry of Petroleum and Natural Gas, Government of India (GOI) and Central Warehousing Corporation (CWC), a Miniratna I PSE under Ministry of Consumer Affairs, Food and Public Distribution, GOI signed a Memorandum of Understanding (MOU) for utilising storage / warehousing space of CWC for providing Cold Chain logistics, general warehousing and other ancillary services for a period of ten years from the date of sign off. The MOU was signed on 20th April 2023 by Mr. Adhip Nath Palchaudhuri, Director [Service Businesses], Balmer Lawrie & Co. Ltd. and Mr. Rajeev Kumar Bansal, Group General Manager [Commercial], CWC in the presence of senior officials of Balmer Lawrie and CWC.
As part of the association, Balmer Lawrie and CWC will collaborate to leverage each other’s capabilities and complement each other to provide best-in-class services to customers in keeping with the growing demands of the segment. The organisations would work together to strengthen and expand their foothold not only in Cold Chain logistics but also general warehousing and distribution pan India.
Speaking about the association, Mr. Adika Ratna Sekhar, Chairman & Managing Director, Balmer Lawrie said, “Balmer Lawrie is extremely happy to associate with CWC as this will give a fillip to its Cold Chain Business Unit’s aspiration of achieving Rs 100+ crore by 2027 and also setting up Mini Temperature Controlled Warehouses having a capacity of 1500 to 2000 pallet position in Tier II and Tier III cities across the country. This is indeed a noteworthy alliance that will address the supply gap in the Cold Chain logistics segment and will significantly contribute to the country’s economy.”
Commenting on the association, Sh. Amit Kumar Singh, Managing Director, CWC said, “We are delighted to partner with Balmer Lawrie. CWC has diversified its operations from time to time to keep pace with the dynamic market. Cold chain business is new to CWC and this association will definitely prove to be a milestone. The synergy of the expertise of Balmer Lawrie in the cold chain field and the reach / presence of CWC at the most strategic locations will change the dynamics of cold chain logistics in the times to come. We have 458 warehouses across the country besides other infrastructure and Balmer Lawrie can leverage them to explore mutually beneficial business opportunities. I believe this is a win-win proposition for both the organisations and it will have positive impact on the logistics industry.”
