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.
Gujarat Pipavav Port Ltd (GPPL), which owns India’s first private sector port, is seeking government permission to allow foreign investors to increase their stake in the company to 100 percent from 49 percent at present.
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