Allcargo Signs MoU with Maharashtra State Skill Development Society (MSSDS) under the CSR Initiative ‘Nipun’

Allcargo Logistics’ CSR arm, today signed a Memorandum of Understanding (MoU) with Maharashtra State Skill Development Society (MSSDS) to train over 7400 youth in Maharashtra. This initiative will help Allcargo to enhance its scope of work under its skilling initiative ‘Nipun’ and would substantially contribute to the Government of Maharashtra’s Skilling Maharashtra Mission.

Trainees will be primarily skilled in the fields of heavy and light commercial vehicle, warehousing and unarmed security guards. The initiative aims to provide placements to at least 70% of the candidates. The initial training batch will start in Uran and will be replicated in other areas.

Ms. Arathi Shetty, Non-Executive Director Avashya Foundation said, “We are committed to our cause of skilling India to create suitable employability and do our bit to improve the standard of living of our country. We are extremely excited to work with the Government of Maharashtra on this initiative and look forward to more such associations.”

Welcoming this agreement Shri Vijay Waghmare, IAS, CEO MSSDS said, “We believe this is just a beginning of our alliance with Allcargo Logistics Ltd. We look forward to work with them on many such projects in the near future as well. Armed with our reach and Allcargo’s training expertise under ‘Nipun’ we can create a positive impact on multiple lives.”

About Allcargo Logistics Ltd.

Allcargo Logistics Ltd. is the leading integrated logistics solutions provider in India. The company offers specialized logistics services across Multimodal Transport Operations, Container Freight Station Operations, Coastal Shipping services with fleet of ships owned and operated ships and Project & Engineering Solutions. Benchmarked quality standards, standardized processes and operation excellence across all the services and facilities, have enabled Allcargo Logistics Ltd. to emerge as the market leader in all these segments. Allcargo is today one of India's largest publicly owned logistics companies, listed on the Bombay Stock Exchange (BSE: ALLCARGO) and The National Stock Exchange of India (NSE: ALLCARGO).

About Avashya Foundation

Avashya Foundation has been pioneering corporate social responsibility initiatives. The primary focus areas are health care, education and environment, empowerment of women, disaster relief and sports. Through two key projects, Nipun and Maitree, the foundation has been doing remarkable work and has been directly passing the benefits to the community. Nipun is an effort aimed at skill development for youth from the drought affected areas of Maharashtra. The training received from Nipun helps youngsters build their careers, enabling them to lead a financially stable life. Maitree is a project that aims to improve the environment, by increasing the green cover in the country, while at the same time offering a fruitful source of livelihood to the tribal and economically backward communities of Maharashtra and Karnataka. Till date the foundation has planted over 2,39,000 trees as part of environment sustainability.