The Israel Ports Development and Assets Co (IPC) is seeking to gain the Indian government's approval for a consortium to build a container terminal in the western Indian state of Gujarat.

Pending state approval from India's Ministries of Finance and Transportation, IPC aims to form a consortium with an Indian firm to build a modern container terminal in the Indian state of Gujarat, according to Port2Port.

IPC is reportedly looking to develop a proposed container port project in Gujarat, which is subject to international tender and worth billions of dollars.

Gujarat is one of India's wealthiest and most industrialised states, contributing 16% of the country’s total investment, 10% of its expenditure, 16% of exports and 30% of stock market capitalisation.  

IPC is responsible for the development of Israel's three commercial seaports, Haifa, Ashdod and Eilat, and provides the necessary infrastructure to enable the ports to efficiently handle the country's international maritime trade.