Container Corporation of Indiad (Concor) plans to establish an additional nine domestic cargo terminals, including two in Gujarat amid expectations it will experience substantial turnover growth over three years.
The Business Standard India reports that the company forecasts 20 per cent higher revenues from north-western operations, which includes the states of Gujarat, Maharashtra and Rajasthan. The increase will be driven by growth at Gujarat ports such as Mundra, Pipavav and Kandla.
Concor managing director Rakesh Mehrotra told the Business Standard that 15 per cent of the company's revenue comes from the north-west, adding that 2006 turnover was INR3,000 crore (US$7.3 billion), and that the company expects to achieve annual turnover of INR5,000 crore over the next three years.
"We are planning to set up nine more domestic cargo terminals in the country. Out of these nine terminals four will be completed by March 2008 and then we will go ahead with the rest. Looking at the volume potential of Mundra and Pipavav, we might set up one terminal each there," said Mr Mehrotra.
Other plans in the pipeline include the introduction of triple decker container trains for transporting automobiles in India, after successfully launching double-decker box trains in the nation.
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