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 Cabinet Committee on Economic Affairs (CCEA) has said that Dubai Ports International (DPI), which won the 30-year concession to build and operate the Vallarpadam international container terminal near Kochi in south India, should start developing the terminal as soon as possible.
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