Krishnapatnam Port ties up with CONCOR

Krishnapatnam Port Company Ltd (KPCL) on Tuesday joined hands with Container Corporation of India Ltd (CONCOR) to provide seamless movement of container traffic from the port to the hinterland by developing rail infrastructure.

“Krishnapatnam Port and CONCOR will jointly develop the required rail infrastructure to cater to the growing container movement after the container terminal at Krishnapatnam Port goes operational in a month. By 2015-16, we hope that this facility will generate revenues in the tune of Rs.2,000 crore,” Krishnapatnam Port CEO Anil Yendluri told reporters here.

“Krishnapatnam container terminal will emerge as a hub port on the east coast of India, handling mother vessels. It will also become gateway to India and other South Asian/Southeast Asian countries. CONCOR and KPCL would jointly strive to provide seamless, efficient supply chain solutions to the export-import fraternity and help in making exports from India competitive,” Mr. Yendluri said.

Under the agreement, both the companies will also develop container freight station at the port and inland container depots in the hinterland. They will also explore various business opportunities to service container and export-import related trade. The companies may also develop container freight station (CFS) at the port and inland container depots (ICD).

“Over a period of six months, we will see whether there is need for CFS. Though we have identified the land, but when will we build the terminal, we will decide,” said CONCOR Managing Director Anil Gupta. The partnership deal is a milestone as CONCOR, the Mini-Navratna PSU under the Ministry of Railways and the largest player in the inland container rail freight segment with more than 200 high-speed container rakes.