New Delhi - Foreign port and terminal operators will be kept out of the planned International Container Transshipment Port (ICTP) at Galathea Bay in Great Nicobar Island with the government deciding that a joint venture (JV) company majority owned by an Indian private entity holding a stake of more than 51 per cent will construct and run the facility for strategic reasons, multiple sources said.
The balance equity stake in the JV company will be infused by some state-owned major ports, including Kamarajar Port Ltd, a government official with knowledge of the matter said.
The . . .
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