Indonesian group looks to build new Indian port

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

27 Feb 2009

Indonesia-based Salim group has expressed an interest in the construction of deep river port near Haldia in West Bengal. The firm is part of a consortium with Indian developer Unitech and Indonesia’s Universal Success building a chemical hub at Nayachar island, close to the proposed site of the new port which would service the hub with crude oil imports. The Indian government holds a 49% stake in the chemical hub joint venture with the consortium members in possession of the controlling stake. “They (Salim group) want to build a deep water port, they will give us a detailed proposal, which we will examine and then seek the central government’s clearance,” Principal Industry Secretary Sabyasachi Sen is reported as saying. “The port will facilitate movement of bigger-sized vessels.”
The group expects to start construction on the refinery within the next three years.

Source: SeaTradeAsia-Online