Niti Aayog to re-examine CONCOR disinvestment proposal

Niti Aayog will re-examine the proposal for strategic disinvestment of the Container Corporation of India Ltd (CONCOR), Parliament was informed today.

"Niti Aayog will re-examine the proposal for strategic disinvestment of CONCOR," Minister of State (Independent Charge) for Ministry of Planning Rao Inderjit Singh said in a written reply in the Lok Sabha.

The Minister further said the Ministry of Railways will be consulted before taking a final decision on CONCOR.

Concor, which started in 1988 as the only firm with the right to move container trains, now operates in a competitive environment, but still holds over 70 per cent of the containerised rail market.