Ports occupy a significant position in India’s overall infrastructure development, acting as a pivotal link between transport by land and sea.
To enhance the availability of adequate infrastructure facilities to facilitate the efficient movement of commodities, the government of India has encouraged investment in various sectors.
A gateway to international trade by sea, Indian ports account for 90% of foreign trade.
Foreign equity participation of up to 100% through the automatic route is allowed in the construction and maintenance of roads, highways, vehicular bridges, toll roads, vehicular tunnels, ports and harbours.
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Shardul Thacker is a partner at Mulla & Mulla & Craigie Blunt & Caroe.
Mulla & Mulla & Craigie Blunt & Caroe
Mulla House
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