India is set to invite global investors for a wide-ranging social and infrastructure development programme in the strategically important islands of Andaman and Nicobar and Lakshadweep. The government will hold a pre-bid meeting with potential investors on 10 August before seeking formal bids so as to make the terms more accommodative, a person familiar with the matter said on condition of anonymity.
One of the key projects planned is a transshipment terminal at Campbell Bay at Great Nicobar, the largest of the Nicobar islands. Campbell Bay is 90km away from Malacca Strait, the principal sea route between the South China Sea and the Indian Ocean.
NITI Aayog is also working on a revenue model to build sea connectivity projects in the public-private partnership mode, especially for ships carrying automobiles, a proposals for resorts at the islands of Minicoy, Suheli and Kadmat of Lakshadweep and a water de-salination plants and waste management are also part of the development scheme, the Livemint reported.
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