This will also encourage private investment in ports of India. Port is a very lop sided sector in India with JNPT controlling almost 60% container volume of entire country. This sector requires a lot of private investment.
We have two listed ports in India by the name of Adani Ports and Gujarat Pipavav. This move will have +ve impact on stock prices of both of them in the medium to long term. Gujarat Pipavav is a small port in Gujarat owned by APM with great potential. Investors should keep an eye on them.
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