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17 February 2019 The on-line newspaper devoted to the world of transports 07:23 GMT+1

February 7, 2018

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Original news
Decided the privatization of the Dredging Corporation of India

The government of New Delhi has established the cession of the entire share capital

Monday the Indian government has returned note the intention to privatize the Dredging Corporation of India Ltd. (DCI), the state society which charged to execute the work of dredging and maintenance of the backdrops in the national ports, of fill and protection of the coasts, of reclamation and to carry out services of marine construction.

The executive of New Delhi has specified that the Department of Investment and Public Asset Management (DIPAM) has had the green light from the government in order to yield 100% of the capital of the DCI within a single procedure of auction subdivided in two phases.

The government has explained that the decision to privatize the society has the scope to allow with the company to innovate own technologies, to improve the ability, to obtain capitals to invest in the necessary purchase of dredges and other means and to equip the expert society of manager with the objective to increase the efficiency.

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