The Hindu : Andhra Pradesh / Visakhapatnam News : CONCOR sets grand plans for this year

Online edition of India's National Newspaper
Friday, Jul 29, 2005

Andhra Pradesh

Andhra Pradesh - Visakhapatnam

CONCOR sets grand plans for this year

Santosh Patnaik

IndustryDossier Container Corporation's turnover climbs to Rs. 25 crores

VISAKHAPATNAM: The Container Corporation of India (CONCOR) has achieved significant progress since it launched its operations in Visakhapatnam in August 2002. In the first year of its operation (eight months), it achieved a turnover of Rs.5 crores, touched Rs.12 crores in the next year and Rs.25 crores during last fiscal.

An ambitious target of Rs.50 crores has been set for this fiscal, which will be doubled next year with efforts under way to launch export-import (exim) trade and coastal shipping. In the first quarter of this year, CONCOR has done a business of Rs.12.50 crores. "With so much of activity, we are confident of continuing 100 per cent plus growth rate,'' CONCOR's Senior General Manager V. Kalyana Rama told The Hindu .

Encouraging start

Volumes have started picking up from April with the handling of 2,000 TEUs (20-feet equivalent units) a month as against last year's 800 TEUs.

The reason for the impressive growth rate of the Inland Container Depot here is the successful trial run of container freight station (CFS) right in the heart of the port. It is poised to start exim activity from next month after getting customs declaration. Currently, the depot is looking after domestic freight.

Revenue is bound to witness a big leap forward once it launches value-added services like stuffing, stacking, de-stuffing and allied activities.

White goods like imported toys and dry fruits and export cargo such as steel and electrical appliances will form part of the exim business of CONCOR.

Mr. Kalyana Rama said that for small entrepreneurs, the depot had come as a big boon. Even a single container could be booked now. The running of trains by the depot had been doubled indicating the growth in demand.

The depot is mainly getting polymers, paper, ferrochrome to be despatched to the Tughlaqabad depot in Delhi. Steel is being transported to Delhi, Ludhiana and Chandigarh. The CFS, set up at a cost of Rs.10 crores three months ago, has a locational advantage.

Being in the heart of the port, it can facilitate last minute shipment.

The CFS has an area of 30,000 square metres, of which 22,000 is made with cement concrete block pavement of international standards.

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