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Maersk plans to invest $5 bn, says India beacon for confidence in trade

Business Standard LogoBusiness Standard7h ago

Maersk plans to invest $5 bn, says India beacon for confidence in trade - Business Standard

Quick Summary:

India is not just a key market but a beacon and an opportunity for confidence in global trade, shipping giant Maersk said on Friday amid its plans to invest around USD 5 billion in ports, terminals, and land-side infrastructure development.

The Danish firm, which for the first time named one of its vessels, Albert Maersk, at an Indian port, also said that it was ready to invest more in developing ports with low emissions and great efficiency.

The name-giving ceremony of the newest dual-fuel methanol container vessel took place at the APM Terminal at Jawaharlal Nehru port as a part of the vessel's maiden voyage to India.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-28 @ 19:20:11 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 795 words

Reading Time: 5 minutes read

Sentences: 21 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26512993

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 278 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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