PSA India Intermodal, a unit of Singapore-based port operator PSA International, agreed to acquire a 50% stake for $93m in Ameya Logistics, an Indian logistics hub from French shipping group CMA. The acquisition of 50% stake in Ameya is part of a plan by the container terminal operator to diversify business and garner more revenue from inland logistics. "With today’s technology, presence in the hinterland side in the key hubs called ICD’s may also be meaningful so that we can serve customers at more points, all the way nearer to destinations,” Tan Chong Meng, PSA International CEO.