TiL, majority owned by MSC, operates container terminals at key ports on the world’s major shipping routes.
Jawaharlal Nehru Port Authority (JNPA) signed a memorandum of understanding (MoU) with Terminal Investment (TiL), majority owned by MSC Mediterranean Shipping Company, for the construction of Vadhvan Port. The partnership agreement was exchanged by Unmesh Sharad Wagh, Chairman, JNPA and Deepak Tewari in the presence of Dhananjay Javdekar and Karan Tewari, says an official release from JNPA. “TiL has proposed to invest an estimated ₹20,000 crore for the development of Vadhvan Port and the surrounding ecosystem. TiL, based out of Switzerland, has a diverse portfolio of container terminals at key ports on the world’s major shipping routes, providing access to key mature and developing markets” the release
added.