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.
Tuticorin expansion plan
Tuticorin port in south India has unveiled a major expansion plan which involves an investment of R40B over the next few years, the port’s chairman N K Raghupathy said.The port plans to invest R8.8B in the first phase to increase the draft from 10.7m to 12.5m.
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