MH60S

Thursday, August 31, 2006

No Chinese investment in Indian ports

India govt decides not to allow Chinese cos to invest in ports:
The government has decided not to allow any Chinese company to invest in or manage any Indian port due to security concerns, the Times of India reported, citing unnamed sources.

The decision shuts the door on Hong Kong-based Hutchison Port Holdings (HPH), which has been waiting for security clearances to go ahead with bids to build container terminals in Bombay (Mumbai) and Chennai, the newspaper said.

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