CONCOR disinvestment called off

The disinvestment of Container Corporation of India (CONCOR) has been called off on account of internal differences over the proposed move. Additionally, the Indian Railways (IR) has reservations about bringing on board a strategic investor into the company. The Department of Investment and Public Asset Management (DIPAM) may soon approach renew efforts at inter-ministerial consensus. However, the reservations of the IR and issues related to the new land-license fee policy could hamper the process.