Independent journal on economy and transport policy
01:26 GMT+2
Adani-DP World terminal deal off
(The Economic Times)
November 14, 2007
MUMBAI: This classic case of a fight between a multinational company and its Indian partner taking an ugly turn. Almost two years after DP World took over Mundra International Container Terminal (MICT) from P&O Ports as part of a $6-billion global takeover, the Adani-owned Mundra Port and Special Economic Zone (MPSEZ), which owns and operates the Gujarat port, has terminated the contract for the container terminal at Mundra. MPSEZ has also asked the Dubai-based international port operator to facilitate the transfer of assets in three weeks ...... Read more on The Economic Times
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