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.
Kandla Port, on India’s west coast, has invited expressions of interest from foreign companies willing to invest Rs120B (US$2.75B) to develop its satellite Port Tuna into a multi-purpose facility.
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