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.
Gammon Infrastructure Projects Ltd has expanded its footprint in the Indian ports market by buying 22,877,500 equity shares in Vizag Seaport Pvt Ltd (VSPL) from International Port Services, the investment arm of Portia Management Services of the UK.
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