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Container Corporation of India Limited (CONCOR) is an Indian public sector undertaking which is engaged in transportation and handling of containers.
Container Corporation of India Limited engages in handling, transportation, and warehousing activities in India. It operates through two segments, EXIM and Domestic. The company provides inland transport by rail for containers; manages ports and air cargo complexes; engages in the cold-chain business for fruits and vegetables; and develops multimodal logistics support for containerization and trade. It also offers road transportation services for door-to-door services; operates logistics facilities, including dry ports, container freight stations, and private freight terminals; and handling of air cargos and containers. In addition, the company provides value added services, such as transit warehousing for import and export cargo; bonded warehousing; less than container load; and air cargo clearance using bonded trucking. As of March 31, 2022, it had 37,431 owned and leased containers; 108 reach stackers; 14 gantry cranes; and 31 reefer power packs. The company also operates 61 terminals, including 6 EXIM terminals, 36 combined container terminals, and 17 domestic terminals. Container Corporation of India Limited was incorporated in 1988 and is based in New Delhi, India.
Indian Railway's strategic initiative to containerise cargo transport put India on the intermodal freight transport map for the first time in 1966. Given India's size from North to South and East to West), rail transport is often a cheaper option for all cargo over medium and long distances, especially if the cost of inter-modal transfers can be reduced. Seeing that containerised multi-modal door-to-door transport provided a solution to this problem, in 1966 Indian Railways entered the market for moving door-to-door domestic cargo in special DSO containers.
Although the first ISO container in India had been handled in Kochi as early as 1973, it was not until 1981 that the first ISO container was moved inland by Indian Railways to the country's first ICD at Bengaluru, also managed by the Indian Railways.
Expansion of the network to seven ICDs by 1988 saw an increase in container handling capacity, while along the way a strong view emerged that there was a need to set up a separate pro-active organisation to promote and manage the growth of containerisation in India.CONCOR is one of the Indian Public Sector Undertakings that is currently under consideration for privatisation. The privatisation process, which involves the Indian Government selling 30.8% out of its shareholding of 54.8%, was initially projected to be completed in the fiscal year 2021-2022, but has since been delayed to the next fiscal year. In April 2022, the Indian Government reduced Indian Railways' land licensing fee from 6% to 3% of the land's market value, which was done to assist the company's privatisation.
To provide economical, reliable, cost-effective, customer-oriented and integrated logistics services.
To be India’s leading logistics provider, providing efficient and cost-effective integrated logistics solutions by leveraging technology, infrastructure and human resources.
