PAI to invest in Hazira Port

Belgium's Port of Antwerp aims to pick a stake in Essar Group's Hazira Port. It is believed that Port of Antwerp International (PAI) is working with reserves of 25 million and it has already acquired stakes in port projects in Oman and Congo.The move is in keeping with the Belgian company's expansion plans firmed up last year, when it evaluated 20 projects and zeroed in on a few of them to expand its presence out of Europe through equity participation.Subsequently, it signed a MoU with Essar Group in February for strategic collaboration in consultancy, investment, training and enhancing commercial relations in the port sector.