India expands foreign port presence with new consortium
NewsIndia is forming a consortium to acquire and develop foreign ports, with IPGL managing operations, IPRCL handling infrastructure, and SDCL overseeing financing.
Paradip port in eastern India has shortlisted three private bidders to complete the dredging at two multi-purpose berths left unfinished when state-owned Dredging Corporation of India (DCI) quit the job after a cyclone ravaged the port last year…
Paradip authorities floated technical bids last month and have shortlisted Dredging International Pvt Ltd, Jan De Nul Dredging India Pvt Ltd and Boskalis Dredging India Ltd, said port chairman S K Mohapatra. �The port wants the two berths to be fully functional by the end of the year� he said…
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