Adani Ports Scaling Up Marine, Logistics And Agri-Logistics

New Delhi: Adani Ports and Special Economic Zone (APSEZ) managing director Karan Adani has said that India's biggest private port operator is focusing on scaling up its marine, logistics and agri-logistics businesses. In an interview with media, Adani said that APSEZ, the flagship company of the Adani group, will invest Rs13,000 crore in Vizhinjam International Seaport in phase 2, which will take this deep-water port's cargo handling capacity from current 1.2 million TEUs (twenty-foot equivalent units) to almost 5 million TEUs by 2028.

Prime Minister Narendra Modi on May 2 commissioned the Vizhinjam International Seaport which was completed at an estimated cost of Rs8,867 crore. "Within APSEZ, we have three big verticals that we are building on -- marine business, logistics business and agri-logistics business," he said. While pointing out that APSEZ is the the largest operator in the country in marine business, Adani said, "the idea now is to keep scaling that (marine business) business up within India, as well as outside of India". On the logistics side, Adani said APSEZ is looking at building multi-model logistics parks, similar to what the Adani group has done in the ports.