Gangavaram port, recently seen in news, located in
A. Odisha
B. Andhra Pradesh
C. Tamil Nadu
D. Karnataka
Explanation:
The Competition Commission of India (CCI) has approved billionaire Gautam Adani-controlled Adani Ports and Special Economic Zones Ltd’s acquisition of 89.6% stake in Gangavaram Port Ltd. GPL is engaged to own, develop and operate the deep-water port at Gangavaram, Andhra Pradesh, pursuant to a concession agreement on Build-Own-Operate-Transfer basis with Government of Andhra Pradesh for a concession period of thirty years from the date of commercial operations and entitled for a further period of 20 years.
