Mumbai: Brazil, China and Vietnam have been targeted as key locations for new ports by India's Essar Shipping, Ports & Logistics (ESPLL). According to the Economic Times, the group may consider taking on partners for the venture that would not only support its steel and power generation businesses in the regions, but also function as independent commercial ventures.
"To achieve geographical spread for our businesses, the company is planning to set up ports in countries where Essar group already has businesses,' said ESPLL md Sanjay Mehta (pictured). He added that the group was also looking to add to its Indian portfolio. "There is growing importance for non-major ports owing to capacity constraints at major ports. Thus, we are looking for an option in the eastern coast to set up a port and a container terminal," he said.
Addionally, ESPLL plans to build an integrated terminal facility at Salaya in Gujarat for handling coal and pet coke used in power plant and is constructing an all-weather deep-draft port at Hazira.
Apart from India and the US, the group has a steel plant in Indonesia with a 400,000-tonne cold-rolling facility and a 1,50,000-tonne galvanising facility. It is also putting up greenfield projects in Vietnam with an annual capacity of two million tonnes. [25/06/08]
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