Kolkata : Container Corporation of India Ltd (Concor), a miniratna PSU under the railway ministry, is looking to develop three logistics parks in Bengal. The parks are planned at Durgapur, Dankuni and Siliguri. “We are looking to develop three multi-modal logistics parks in the state. For these projects we are looking for land at three locations  Durgapur, Dankuni and Siliguri,” Sanjay Swarup, group general manager (international marketing) of Concor, told on the sidelines of an event organised by the Confederation of Indian Industry here.

The parks will have facilities for container yard, modern container handling system, cargo handling, warehousing and even banking. They will look to offer complete solution towards the efficient flow of raw materials, in-process inventory and finished goods. “Each park requires about 100 acres of land. For Durgapur and Dankuni, land is with the railways and we are in talks with them. For Siliguri, we are planning to discuss with the Siliguri Jalpaiguri Development Authority,” Swarup said.

According to Swarup, the timeline of these projects would depend on how soon the company was able to get land. When asked about investment, he said, “Normally, cost of land acquisition varies between Rs 50 lakh and Rs 100 crore and then another Rs 30-40 crore is spent on the development of each park.”

Besides Bengal, the company is looking to set up about 14 to 15 such parks in Odisha, Andhra Pradesh, Uttarakhand, Maharashtra, Rajasthan and Gujarat. “We have lined up a capital expenditure of Rs 1,652 crore this fiscal. Of this, about

Rs 700 crore will go towards the acquisition of land,” Swarup said. Concor registered a turnover of Rs 4,377.5 crore in 2011-12, up about 9 per cent over the previous year. The company is also awaiting approval for the Navratna status.