Essar Ports

"India is inching closer to establishing its presence near the Persian Gulf with billionaires Gautam Adani and the Essar group's Ruia brothers flagging interest in managing terminals at Iran's Chabahar port, which India first agreed to develop 14 years ago, according to people with knowledge of the matter. Adani Ports & Special Economic Zone Ltd., operator of India's largest port, and Essar Ports Ltd. are among companies that have expressed an interest in managing and operating two terminals at Chabahar, said the people, asking not to be identified discussing confidential matters. India Ports Global Ltd., the company mandated to drive India's investments in overseas ports, on March 17 invited firms to express interest if they want to be considered for a strategic partnership." (Bloomberg, "Indian Billionaires Are Interested Managing Delayed Iran Port: Sources," 3/30/2017).