Adani to pump in Rs 20,000 cr for 4x boost in ports capacity by 2030
The Adani group is planning to invest up to Rs 20,000 crore in expanding its cargo capacity at ports four times to 1 billion tonnes by 2030 to emerge as the world’s largest company in this field.
In this regard, the group may look at acquisition globally if it gets a good local partner in a country with economic and political stability, Karan Adani, scion of the Adani group and chief executive officer of Adani Ports & SEZ (AP&SEZ), said in an interaction on Sunday.
The group, which acquired Haifa Port in Israel early this year for $1.2 billion, is looking to acquire ports in East Africa (Kenya and Tanzania), Vietnam, and some in the Mediterranean Sea.
“The port overseas must have good trade ties with India and a strong domestic economy...