ASIA

Essar to rein in international activities

14 years ago

Essar Ports says that it is to cut back on its international ambitions and instead focus more heavily on its home market of India, where it intends to grow current capacity of 88m tonnes to 160m tonnes by 2014.

However, the company intends to use Port of Antwerp International, which invested $31m in Essar in May for what will eventually become a 4% stake, to attract new customers from outside the group.