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.
Danish shipping company Maersk Sealand is expected to buy a 13.4 per cent stake in India’s first joint venture port, Gujarat Pipavav Port Ltd (GPPL), in western India.
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