FDI deal faces PIL problem

The Foreign Direct Investment (FDI) in the Indian port project by Singapore´s PSA International is facing a public interest litigation (PIL) scare which could potentially hurt the much-delayed capacity expansion project of Union Government-owned Jawaharlal Nehru (JN) Port near Mumbai. PSA´s failure to sign an agreement on winning the same project in an earlier auction led the Union Government owned port to re-tender the mega project, raising the project cost by about Rs 1,200 crore and delaying its implementation by at least three years.