Aiming at consolidating its foothold in the logistics sector, cash-rich Container Corporation of India (Concor) would invest about Rs 4,000 crore in the next five years for acquisition of rolling stock, creation of asset and setting up of steel hubs, hitherto non-existent in the country.
A bulk of the investment would go towards development of logistics sector, said N L Manjoka, group general manager, planning and development, Concor.
"We have surplus with us and have earmarked Rs 4,000 crore as capital expenditure for the next five years for acquisition of rolling stocks -- high speed wagons -- and setting up of container terminals," Manjoka said, adding that Concor will run double decker containers wherever there is a demand.
"A major share would go to the logistics park that is the requirement of the day," he told reporters on the sidelines of India Infrastructure Summit here.
He said Concor is planning to set up steel hubs, which are unavailable till now in the country. These hubs are expected to come up in places like Maharashtra, Gujarat and Punjab where the demand for steel is high.
Steels of required size would be available in these hubs for the benefit of both the big and small customers, he said.
