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Port of Antwerp sets up special purpose vehicle to build two India ports

Belgium’s Port of Antwerp (PoA) has set up a special purpose vehicle, PoA International, to develop at least two ports in India, and could even look to building a greenfield port in order to set up dedicated trade channels between India and Belgium.

Raj Khalid, PoA’s India representative, said that during 2009, 20 million tonnes of cargo was shipped out of Mumbai Port to Antwerp, of which 40 percent was from industry in the Pune region.