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India Aims to Invest $100 Billion in Ports, Shipping

Date: 5/28/2015 10:53:24 AM | Views 2270

That capacity will be higher than the estimated 2.5 billion tons annual cargo traffic by 2020, he said. The investment is also likely to increase India's share in the global shipbuilding industry to 5% from 1% and raise Indian companies' share in the global cargo tonnage to at least 9% from 6%-7%, Mr. Vasan said.

 


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