PSU Consortium to Bid for Overseas Port Operations
India is planning to establish a consortium with equity participation from public sector enterprises to bid for operating port assets abroad, senior officials have revealed. The consortium, tentatively named Bharat Global Ltd., will include the Indian Port Rail & Ropeway Corporation, Sagarmala Development Company, and the Shipping Corporation of India (SCI). Additionally, India will operationalise Bharat Container Shipping Line as a new vertical within SCI to mitigate global trade disruptions. According to officials, the consortium will follow the strategic model of Chabahar Port and expand operations to other key international locations. (ET)
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