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.
P&O Ports is behind a move to develop a major container port and special economic zone (SEZ) at Kulpi, 60 km from Kolkata, in India’s West Bengal state. An agreement between a P&O Ports-led consortium and the state government is expected to be signed soon.
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