Nicosia - Cyprus-based Interorient Navigation Co. and Danship & Partners have committed to invest Rs 10,000 crore in the Indian shipping industry. This investment of Rs 10,000 crore is, by far, the largest ever FDI in the Indian shipping sector since this sector was opened to 100 percent foreign investment in the year 2005, a statement issued here stated. The move comes in the backdrop of Prime Minister Narendra Modi’s recent visit to Cyprus, the first-ever state visit to Cyprus by an Indian Prime Minister in over two decades. This mega investment symbolizes the deep . . .
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