Nectar and Portman form alliance to offer port and terminal management services in India
Nectar Group, the UK-based port developer, and Portman India have agreed a joint venture to offer port and terminal management services in India.
The 50-50 joint venture, to be known as Nectar Portman, will provide port advocates with design, development and operation services of ports in India, according to the JOC. The financial details of the agreement will remain undisclosed.
In a statement, Portman India, established in 2009, said that its sees “huge prospects in this sector in India”.
The accord will combine both Portman India’s domestic knowledge of the market and UK-based Nectar’s port management know how and expertise.