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.
Chennai gets second container terminal
Chennai International Terminal (CIT), a joint venture of Singapore’s PSA International and India’s Sical Logistics, has signed an agreement with the Chennai Port Trust (CPT) to develop a second container terminal on a build, operate and transfer basis.
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