Mumbai: The Port of Rotterdam Authority has opened negotiations with India's biggest engineering and construction firm Larsen and Toubro Ltd (L&T) for investing in a greenfield port in India.
A formal announcement of a deal could come as early as later this month.
Port of Rotterdam is looking to use the joint venture to acquire 5,000 acres, but will outsource port operations under a revenue sharing arrangement. The site has yet to be announced though the deal is likely to resemble Sohar port - a 50:50 joint venture between the government of Oman and Port of Rotterdam. [03/01/08]
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