Dubai World's troubles have begun to impact India. Icra, the rating agency, today downgraded its ranking on loans extended to DP World's (a transport and logistics arm of Dubai World) container terminals, at Chennai and Nhava Sheva (Navi Mumbai).
The Shipping Ministry will award 30 port projects during the current financial year, which are likely to come up at an investment of about Rs 25,000 crore (Rs 250 billion).
