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Decks may soon be cleared for Container Corporation privatisation

The policy will provide clarity on lease rates the new buyer of the company will have to pay

Topics
Container Corporation of India | privatisation | Divestment

Nikunj Ohri  |  New Delhi 

The decks may soon be cleared for the privatisation of the Container Corporation of India (Concor) with the railway ministry set to approve its new land licensing policy, which will be taken up by the Union Cabinet in 7-10 days, said a senior government official.

The policy will provide clarity on lease rates the new buyer of the company will have to pay. The government had approved strategic divestment of Concor in November 2019, but could not initiate the sale because of uncertainty caused by an increase in land licensing fee introduced by the Indian Railways, which ...

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First Published: Thu, January 07 2021. 06:07 IST
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