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CONCOR to invest in dry ports and logistics centers

State-owned Container Corporation of India (CONCOR) on Thursday, May 9, said it will pump in up to Rs 8,000 crore in the next five years to develop dry ports and distribution logistics centers across the country.

“We are coming up with 20 distribution logistics centers and 100 dry ports. We are already operating 83 (dry ports) and we will make it 100. The 20 distribution logistics centers will be connected to 100 (dry ports). Total investment in the next five years will be Rs 6,000-Rs 8,000 crore,” CONCOR Chairman and Managing Director V Kalyana Rama said during an event here.

Container Corporation of India is a navratna company under the Ministry of Railways. CONCOR inaugurated its first distribution logistics center at Ennore, Chennai, in Tamil Nadu in March. “So, there will be around 120 centers which will be connected as a network to provide these distribution logistics services for entire India. We will be able to give some reduction in the logistics cost,” he added.

Read more on The Hindu BusinessLine.


Source: The Hindu BusinessLine


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