Bidders persist with Shipping Corporation of India’s protracted privatisation
Days after the process was put on ice by the government, Indian Metals and mining magnate Anil Agarwal has joined the fray backed by sovereign wealth funds
The Indian government has yet again delayed the privatisation of state shipping giant SCI amid reports that the bidding process has been riddled with bureaucratic blockers and an ever-growing list of restrictions on the sale of the ageing fleet. And yet bidders eagerly await the opportunity to buy into the opportunity of Indian growth
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