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.
India’s Reliance Group plans to invest more than US$6.6B to build the country’s largest and deepest port at Rewas, 16 km south east of Mumbai, as part of its Navi Mumbai Special Economic Zones development.
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