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 Mumbai Port Trust (MbPT) has sought permission from the federal government to sell land and real estate it owns in India’s commercial capital. With its cargo throughput declining, MbPT wants to move out of non-core activities.
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