Tuesday 2 December 08 - 21:31
 

News Asia

HPH barred from Mumbai bidding

Hutchison Port Holdings (HPH) will not be able to participate in the bidding for a new container terminal planned for the Indian port of Mumbai.  

While this has been confirmed by  the secretary of the port, it has so far  been rejected by HPH. The reason  given for barring the Hong Kong based stevedoring group has been on  the grounds of security.

Of the 10 companies that sought prequalification, only HPH has been excluded.Other bidders include Mitsui (Japan), DP World and Evergreen Marine of Taiwan.

The Indian authorities, it is believed, will also bar Hutchison from bidding for any maritime projects in the country, recalling a similar incident that took place recently in the US when DP World was forced to announce the sale of the US terminals controlled by P&O ports, when it took over the company.

The Indian government is clearly troubled by having the Chinese competitor present in projects that it views key to the country's overall economic development. HPH, for its part,would dearly like a toehold in the subcontinent, which would allow it to participate in the burgeoning economic growth in the region.

Motorship