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Land policy delay hurdle to Container Corporation sale, says panel

Railway ministry denies charge, says divestment planned for next year

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The new policy is expected to provide clarity on lease rates to be paid by the new buyer of CONCOR

4 min read Last Updated : Feb 22 2021 | 6:10 AM IST

A top-level inter-ministerial group (IMG) has raised concerns over delays in the railway ministry’s land licence policy, resulting in roadblocks for the privatisation of Container Corporation of India (CONCOR). The committee, chaired by the Department of Investment and Public Asset Management (Dipam) secretary, is overseeing the CONCOR privatisation that was announced in November 2019.

The new policy is expected to provide clarity on lease rates the new buyer of CONCOR will have to pay. A source said the railway ministry had now floated a cabinet note for the policy.

The railway ministry, in response to Business Standard’s queries, said: “There

Topics : Nirmala Sitharaman Concor Container Corporation of India PSU Disinvestment privatisation BPCL Shipping Corporation

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