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CONCOR to enter Lanka, Bangladesh
17 February 2011: Container Corporation of India (CONCOR) is planning to foray in Bangladesh and Sri Lanka.
The move is part of a strategic initiative of the company where expansion of international network will be targeted to raise its growth rate to pre-recession period. At present, CONCOR has operations in Nepal facilitating movement of goods from India. The company is holding talks with governments of Bangladesh and Sri Lanka and expects to start operations soon.
CONCOR runs three trains a week between Birganj in Nepal and Raxaul in Bihar. It operates the inland clearance depot at Sirsiya, Birganj. The company owns 59 terminals, including one in Nepal, and has plans to expand it to 61 in next few years. It would also invest Rs 500 crore by the end of 2010-11.
Source: Financialexpress