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.
Plans to develop Vizhinjam as a mega port facility in the south Indian state of Kerala (see WorldCargo News June 2005 p12) have finally moved forward with the state government’s decision to sign a concession agreement with Zoom Developers of Mumbai.
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