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 Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC) has shortlisted seven of the 10 companies that submitted expressions of interest in a Rs15.20 bill (US$310 mill) project to develop the port of Gangavaram as a major port (see WorldCargo News November 2001, p9).
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