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.
The company that wins the deal to develop a new container terminal at India’s Ennore Port will not have the freedom to fix tariffs despite the fact that the port is outside the ambit of the Tariff Authority for Major Ports (TAMP).
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