News:
Front Page |
National |
Southern States |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Advts:
Classifieds |
Employment |
Obituary |
National
U.K. firm invests in Kutch port
By Our Special Correspondent
AHMEDABAD
May 17.
The United Kingdom-based P and O Ports, now operating container terminals at the Jawaharlal Nehru and Chennai ports in the country, has taken over the Adani Group's stake at the Mundra port in Kutch district of Gujarat for $ 60 million. It could be one of the biggest foreign investment deals, particularly in the ports sector.
The induction of the P and O Ports as a strategic partner in Mundra was earlier cleared by both the Foreign Investment Promotion Board and the Gujarat Government. The company is now expected to invest about Rs. 1,500 crores to develop and operate a world class container terminal at Mundra which was developed by the Adani Group under the State Government's 30-year build, operate and turn over policy. The container terminal at Mundrais expected to become operational by the middle of the next month.
Printer friendly
page
Send this article to Friends by
E-Mail
National
News:
Front Page |
National |
Southern States |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Advts:
Classifieds |
Employment |
Obituary |
|
