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Government eyes M&A curbs to stop cos from dominating ports sector
![IndiaTimes]()
Monday, 23 October 2023
The Indian government's Maritime India Vision 2047 proposes restricting mergers and acquisitions that result in a single group of companies dominating the port sector. The vision document also aims to develop next-generation ports and increase port handling capacity by 400%. The suggestion to prevent a dominant position in the sector comes amidst allegations of attempts by certain players to gain an advantage in a sector with significant private sector investment. The document suggests exploring the possibility of imposing a condition to restrict mergers and acquisitions.
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Monday, 23 October 2023
