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.
The government of Kerala in south India is expected to sign a 30-year concession agreement next month with Parissons Group for the development and operation of Beypore port on a build-operatetransfer basis (see WorldCargo News January 2005, p9).
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