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 Jawaharlal Nehru Port Trust (JNPT) in India has decided to take the build, operate and transfer (BOT) route to convert its underutilised bulk terminal into a container terminal at a cost of around Rs8 bill (US$165 mill).
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