India Said to Plan $557 Million Overseas Ports Company on Trade
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India plans to set up a 25 billion-rupee ($557 million) state-owned company to invest in overseas ports and terminals to help boost international trade, two people familiar with the matter said.
Indian Ports’ Global will be established within a month, using funds collected from federal government-run ports, said the people, who declined to be identified before an official announcement. The new company will also sell bonds, they said, without specifying an amount.