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 Malaysian government plans to take an equity stake in a proposed M$4.5 bill (US$1.2 bill) container terminal at Colachel in India’s Tamil Nadu state, which is to be built by a consortium of Malaysian companies (see WorldCargo News July 2000, p8).
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