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.
India’s Gangavaram Port Co, in which US private equity firm Warburg Pincus has a 30% stake, is looking to raise Rs7B (US$143M) from banks to build two more berths.
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