Container Corporation of India (Concor), the state-run hauler, will expand its recently started coastal shipping service to Bangladesh, says its Chairman and Managing Director V Kalyana Rama.
"We will expand our service into the east coast [of India] and connect Bangladesh as well," he was quote by The Hindu Business Line as saying on Friday.
Earlier this year, the Central Board of Indirect Taxes and Customs (CBIC) permitted Indian-flag vessels to make calls en-route at Sri Lankan and Bangladeshi ports during their export-import (EXIM) and domestic services.
The move will help fleet owners make optimum use of their space, cut transportation costs and boost modal shift of cargo from road and rail to sea.