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.
Dubai Ports International (DPI), which put in the highest revenue share in the bid to build and operate the Vallarpadam international container transhipment terminal near Kochi in south India, is a step closer to getting the government’s approval to start operations there.
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