India plans ports biz expansion globally after Chabahar
India is eyeing a strategic expansion of its port infrastructure and management capacities on a global scale. Post its fruitful engagement at Chabahar Port in Iran, and other ports in its immediate neighbourhood, the country is scouting for opportunities in African nations for port or berth operations. These expansion efforts will be undertaken through India Ports Global Ltd (IPGL). The Shipping Ministry has assigned IPGL the task of equipping and operating
container/multi-purpose terminals at Chabahar Port and the company is reportedly looking for a Project Manager to be stationed in Tehran.
Starting with Tanzania, a few African nations have been shortlisted for exploring berth management opportunities.
Container handling at Chabahar is expected to reach 100,000 TEUs (full capacity) by FY26. India eyes a five-fold capacity expansion to 500,000 TEUs over 10 years, Ministry officials said, adding that talks were underway, as per a report.
Source: Exim News Service: New Delhi, May 19