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India Containers Dry Bulk

India plans to divest stake in state-owned shipowner

The Indian government works on a plan to divest its controlling stake from Shipping Corporation of India. However, the privatisation will require the approval of the cabinet before any sales process begins

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The administration of India’s prime minister Narendra Modi is hoping to use proceeds from the sale to plug budget gaps left by new corporate tax cuts

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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