NEW DELHI: The Department of Investment and Public Asset Management (DIPAM) has started a pre-expression of interest (EoI) roadshow of potential bidders, in order to measure investors’ interest in the divestiture process of Container Corporation of India (Concor), according to an exchange filing.
The roadshow will be held virtually, till October 21, the filing added.
The Union Cabinet approved a policy last month that altered the charge for railroad land licencing.
A circular that confirmed the Cabinet decision and said that existing landholders might extend their lease for an additional 35 years was issued on October 4 as a result.
In addition to increasing investment in the infrastructural facilities of the Indian Railways, such as freight terminals and public utilities, the decision is anticipated to hasten the government’s stake sale in Concor.
The change complies with the NITI Aayog’s recommendation to maintain the rate for leasing railroad land for containers below 3 percent.
