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.
Three Indian companies, the Larsen and Toubro-led International Seaports (ISP) consortium, Chennai-based South India Corporation Ltd (SICL) and Mumbai’s Zoom Developers, have submitted pre-qualification bids for a “clean” cargo berth at Paradip Port in the eastern state of Orissa.
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