P.Manoj

Bangalore: Private equity and venture capital investors are readying funds in excess of $2 billion (about Rs8,500 crore) to invest in India's maritime infrastructure and logistics, as the country strengthens cargo handling facilities to meet rising demand for exports and imports.

About 95% of India's external trade by volume and 70% by value move by sea, but cargo handling and logistic costs are high because of deficient infrastructure and delays in shipments.

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Posted by boyang at June 26, 2008 12:29 PM