Shipping Corporation of India to Invest $20 Billion in Port Expansion Plan
The Shipping Corporation of India (SCI) may invest $20.8bn in 276 port projects under capacity expansion plans.
The state-owned company will invite bids for 22 projects worth INR160bn ($3.5bn), which are planned to be implemented in a public-private partnership.
The corporation has completed 24 projects at a cost of INR65bn ($1.4bn), while 19 projects of INR125bn ($2.8bn) are being carried out.
The firm aims to have a 5% share of the global shipbuilding market by 2017, up from the current 1%, according to economictimes.com.
Source: ship-technology, October 6, 2010;