- Adani Ports is keen to complete its own ‘Sagarmala’ dream by having presence in the three key States of Maharashtra, Karnataka and Andhra Pradesh, apart from setting up trans-shipment terminals in Southeast Asia and East Africa
- Adani Ports and Special Economic Zone (APSEZ) becomes the country’s largest ports operator in the private sector.
- trans-shipment terminals in Southeast Asia, especially in Myanmar and Bangladesh, and also in East Africa, so that these facilities can serve the upcoming Vizhinjam facility, which can compete on cost with the Colombo and Singapore ports, which handle more than 80 per cent of the country’s international trade
- The government has embarked on an ambitious project of port development across the country’s over 7,000-km-long coastline and named it as the ‘Sagarmala Project’, for which it has committed Rs.70,000 crore in investments.
- Some of the reasons for the poor show are the stringent cabotage laws, which prevent international ships from operating in domestic waters, and also the tariff fixation policy of the government, which does not allow ports to fix tariffs independently.
- Mundra port already offers trans-shipment facilities to Pakistan for its cargo coming from East Africa.
- domestic strategy “will be developing greenfield ports as existing ports come at a hefty premium.
- APSEZ is also the largest dredging operator in the country with 18 dredgers in operation today, out of which 14 are cutters