CHENNAI

The local stevedores were originally encouraged when investing in their operating licences, to also make investments in cargo handing equipment and other assets.

India’s government has given permission for Hutchison Port Holdings to bid for the second container terminal at the port of Chennai. This follows an earlier decision to allow PSA/Sical and Emirates Trading Agency/Gammon India to bid. The go-ahead was only given following an investigation by Indian security agencies into the possible threat to domestic infrastructure through the establishment of connections with Chinese business.