The port of Antwerp has bought into Essar Ports in India as part of a long-term strategic alliance.
The Belgian terminal, Europe’s second-largest, has invested INR 1.75bn ($31.2m) in return for a 4% stake.
The two groups will collaborate on training, port planning, traffic flow and quality and productivity improvement.
Antwerp will nominate a director on Essar’s board.
Antwerp’s president Marc Van Peel said: “Essar Ports is a highly regarded, strong and reliable partner with a lot of know-how in India.
