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.
Construction work on the first phase of the Vizhinjam International Deepsea Container Terminal, 16 km from Thiruvananthapuram, the capital of India’s Kerala state, will begin in a few months, Port Minister K Babu said.
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