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.
Indian engineering company Larsen and Toubro Ltd (L&T) and steelmaker Tata Steel are to develop a container terminal at Dhamra port in Orissa to tap demand for containerised cargo in the eastern part of India.
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