GOVT TO CLEAR JVs BETWEEN MAJOR PORTS AND PVT COS
Article Abstract:
The Government of India is likely to approve joint venture proposals between major ports and Indian and overseas private sector companies. The government's stake will be limited to 11 percent while joint venture partner will hold upto 50 percent stake. Special purpose vehicles (SPVs) will be formed for specific projects in the major ports with equity participation from the government and private parties. The government will invest in the equity by setting up a venture capital fund. It will nominate one member to the board of SPVs. The joint ventures will be on government to government basis. The government has prepared detailed guidelines to identify foreign partners for the joint ventures. (rk)
Comment:
India: Govt is likely to approve joint venture proposals between major ports & Indian & overseas private sector companies
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CARGO LOADS DECLINE AS PORTS REFLECT RECESSIONARY TREND
Article Abstract:
The total cargo handled by major ports reflect the recessionary trends in the country as it has declined to 118.13 million tonnes in the first six months of 1998-99 compared to 119.12 million tonnes handed in the first six months of 1997-98. The Calcutta port has handled 3.71 million tonnes compared to 3.29 million tonnes while the Haldia port has handled 9.24 million tonnes against 9.56 million tonnes. The Kandla port has handled 18.52 million tonnes against 18.61 million tonnes while the Mumbai port has handled 15.76 million tonnes against 15.69 million tonnes. The cargo handling target by ports for 1998-99 has been fixed at 260 million tonnes. (khr)
Comment:
The total cargo handled by major ports reflect the recessionary trends in the country as it has declined to 118.13 million tonnes in the first six months of 1998-99 compared to 119.12 million tonnes handed in the first six months of 1997-98.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CABINET CLEARS NORMS FOR JOINT VENTURES IN PORT DEVELOPMENT
Article Abstract:
The government has cleared the norms for setting up joint ventures in port development. The government's decision will attract higher foreign direct investment through joint ventures between major ports and Indian and foreign private sector companies. The government will hold 11 percent stake in the joint ventures. The government is formulating new guidelines for joint ventures between major ports and overseas ports and between major and minor ports. (gsh)
Comment:
India: Govt clears the norms for setting up joint ventures in port development
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
User Contributions:
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