Is India ready to chart new waters in the global shipping arena?
The Container Corporation of India Limited (CONCOR), a stalwart in the nation’s logistics sector, is evaluating a bold expansion into the international container shipping market. This strategic move aligns with CONCOR’s vision to evolve into a comprehensive end-to-end logistics service provider, enhancing its footprint in the export-import (EXIM) trade.
To navigate this uncharted territory, CONCOR plans to engage a consultant to conduct an in-depth study. This analysis will assess market attractiveness, resource requirements, financial considerations, and regulatory approvals necessary to establish a competitive global presence. The study will encompass a detailed evaluation of the shipping industry across India, South Asia, the Middle East, and other global markets, identifying growth opportunities and demand trends. Renowned consultancy firms, including Ernst & Young, KPMG, and PricewaterhouseCoopers, have been invited to submit proposals for this project.
The proposed study is slated for completion within 20 weeks of commencement and is expected to provide a comprehensive roadmap for CONCOR’s potential entry into global shipping. The market entry strategy will focus on a phased approach, aligning with short-term, medium-term, and long-term objectives. It will evaluate various entry models, including partnerships with established players, acquisitions of existing operations, or launching independent services.
“CONCOR’s exploration into global container shipping underscores our dedication to providing comprehensive logistics solutions and bolstering India’s presence in international trade.”
This initiative marks a significant milestone for CONCOR, reflecting its commitment to expanding its service portfolio and enhancing its role in the global logistics landscape. By exploring opportunities in the international container shipping market, CONCOR aims to offer more integrated solutions to its customers and strengthen India’s position in global trade.
