Government eyes M&A curbs to stop cos from dominating ports sector
- Dipak K Dash
- TNN Oct 24, 2023, 12:42 IST IST
The Indian government's Maritime India Vision 2047 proposes restricting mergers and acquisitions that result in a single group of companies dominating the port sector
NEW DELHI: The government's Maritime India Vision 2047 has suggested restricting mergers and acquisitions that lead to a particular group of companies getting dominant position in the port sector even as it has set the target to develop next generation ports and increase the port handling capacity by 400%.
The vision document was released at the Global Maritime India Summit in Mumbai. The suggestion to prevent dominant position in the sector comes at a time when opposition parties are alleging attempts by some players to have an upper hand in a sector where private sector investment will be huge.
The vision document was released at the Global Maritime India Summit in Mumbai. The suggestion to prevent dominant position in the sector comes at a time when opposition parties are alleging attempts by some players to have an upper hand in a sector where private sector investment will be huge.
