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.
Maersk Sealand wants the share price in India’s Gujarat Pipavav Port Ltd (GPPL) lowered if it is to exercise an option to pick up another 13 percent stake in the company.
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