Kandla Port Trust

"Prime Minister Narendra Modi Monday said the Kandla port in Gujarat will soon be connected with Iran’s Chabahar port, which will give a boost to India’s international trade and place the Indian port firmly on the global map. India Ports Global Pvt. Ltd (IPGPL), a joint venture between Jawaharlal Nehru Port Trust (JNPT) and Kandla Port Trust (KPT) for development of ports overseas will develop and operate the Chabahar port. IPGPL is in the process of setting up two container berths and three multi-cargo berths." (May 2017) (http://www.livemint.com/Companies/qwEDrTLo3U8KJsZmJVDVRM/PM-Narendra-Modi-lays-foundation-stone-for-Rs993-crore-proje.html)

“Jawaharlal Nehru Port Trust (JNPT, at Navi Mumbai) would take 60 per cent equity in the Indian company to be formed for developing the Chabahar port in southeastern Iran. Kandla Port Trust (KPT) would hold the remaining equity.” (Business Standard, "JNPT to take 60% equity in Iran port project," 12/15/2014) (http://www.business-standard.com/article/economy-policy/jnpt-to-take-60-equity-in-iran-port-project-114121500048_1.html)

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