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 western state of Maharashtra has revived a plan to develop seven minor ports along its 720 km long coastline. The idea was mooted three years ago, but failed to take off because of poor response from potential developers.
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