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India’s quest to become a manufacturing behemoth in the mould of China is increasingly likely to hinge on building out its port infrastructure.

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Hence the excitement around the announcement of the green light for the flagship Vadhavan port, near Mumbai, as discussed previously by Premium, but it’s still baby steps to get it anywhere near China, as a recent research note from Bernstein so aptly reminded us.

When Nahendra Modi first became prime minister in 2014 – some two decades after India ...

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