PSA loses face as Jawaharlal Nehru port scraps deal

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What was going to be the largest single foreign direct investment into India’s port sector has ended with embarrassment for the world’s second biggest container port operator, as well as a three-year ban on participating in government-controlled port auctions. Jawaharlal Nehru port has terminated its contract with Temasek-owned PSA International to build a container loading facility, after it failed to sign a concession agreement. A good piece on the sector from the reliable reporter, P Manoj.