The
endeavour is to work together to form a platform in the form of an incorporated
joint-venture (referred to as Platform) and employ
the joint expertise and resources inter alia to acquire, develop, finance, and
operate a portfolio of assets in the ports and logistics infrastructure related
sectors in India.
The intent is for each party to invest significantly
in the Platform subject to mutually agreeing terms in the future. [The Platform
will be held 51% by the Company and 49% by APMC. Any opportunity identified and agreed by the Parties, (Project) will be
subject to a feasibility study to ascertain and establish the commercial and
operational viability of each Project.