Home > Resources > News > Resources

Resource detail

Title: India to invite global investors to develop Andaman and Nicobar, Lakshadweep
Source:Mint
Date:7 August 2018

India is set to invite global investors for a wide-ranging social and infrastructure development programme in the strategically important islands of Andaman and Nicobar and Lakshadweep. The government will hold a pre-bid meeting with potential investors on 10 August 2018 before seeking formal bids so as to make the terms more accommodative. The decision by government is significant as Andaman and Nicobar Islands are of maritime importance to India with its potential for trade and surveillance. It is also a vital military base housing the country’s only tri-service command. One of the key projects planned is a transshipment terminal at Campbell Bay at Great Nicobar, the largest of the Nicobar islands. Campbell Bay is 90km away from Malacca Strait, the principal sea route between the South China Sea and the Indian Ocean.




Read more