Singapore’s PSA inducts strategic partners in Indian terminal assets Back to News & Events List


Singapore-based global port operator PSA International Pte Ltd has inducted financial interest parties as strategic partners in some of the container terminals it runs in India, Group chief executive officer Tan Chong Meng has said.

PSA International, a unit of Temasek Holdings Pte Ltd, the sovereign wealth fund of Singapore, also said it does not intend to take on a local partner in the Bharat Mumbai Container Terminal Pvt Ltd (BMCT), the wholly-owned entity that runs the newly opened facility at Jawaharlal Nehru Port Trust (JNPT) near Mumbai.

“We don’t have a local partner at the moment in BMCT and at the BMCT concession level we are quite happy to continue to be the main driver,” Tan told BusinessLine during a visit to India on February18.

“We have already taken on board some financial interest parties as strategic partners at a higher level, covering a few assets in India. As you know, different people are interested in infrastructure projects these days. They are funds, sovereign strategic players so on and so forth,” said Tan.

 

Source: thehindubusinessline


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