Greek Ports: India’s economy is among the fastest-growing in the world. According to estimates, it may overtake Germany and Japan to become the third-largest country by 2030, after only the United States and China, according to the Greek City Times.
With its rapid growth of 6.3% annually and its vast human capital, which has overtaken China’s for the first time, analysts predict it may even quadruple its GDP by the end of the next several decades.
In this regard, India’s goal is to construct a modern economic corridor of its own, emulating China’s “Belt and Road Initiative.” The concept calls for the construction of a corridor to facilitate the transportation of goods from the sea and land to the Middle East, where they will eventually arrive in Central and Northern Europe via the Mediterranean.
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Greece might be a crucial destination on this route, and India has an advantage because the Greek government plans to close three significant Greek ports.
According to Indian Defense News, these three ports are Patras, Alexandroupolis, and Lavrio. In addition to drawing investors, the Hellenic Republic Asset Development Fund (TAIPED) is getting ready for the three bids.
The ports in question were reportedly also shown to Indians during Prime Minister Kyriakos Mitsotakis’ business trip to India, according to iEidiseis.
The Lavrio Port saw the opening of a tender procedure in early March, which included the sale of 50%+1 of the Lavrio Port Organization.
Because the port of Alexandroupoli is a strategically significant location, the developments surrounding it also have a geopolitical component.
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Recall that the previous procurement process, which had advanced to the point of submitting legally binding offers, was cancelled because of the conflict in Ukraine. Following the Russian invasion, the Greek government sought to reassess all of the sale’s conditions, based on advice from Western friends.
TAIPED is now organizing the process to attract investors, and the port of Patras is the next to be ready for exploitation.
