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Adani Ports & Special Economic Zone LtdAdani Ports & Special Economic Zone LtdAdani Ports & Special Economic Zone Ltd

Adani Ports & Special Economic Zone Ltd

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adani portAdani Ports and Special Economic Zone Limited (APSEZ) is the largest commercial ports operator in India accounting for nearly one-fourth of the cargo movement in the country. Its presence across 12 ports (including two ports that are under construction in Vizhinjam & Myanmar) in six maritime states of Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha presents the most widespread national footprint with deepened hinterland connectivity. The port facilities are equipped with the latest cargo-handling infrastructure and offer handling services for all kinds of cargos from dry cargo, liquid cargo, crude and containers. Apart from its port operations, APSEZ is the approved developer of a multi-product SEZ at Mundra, Dhamra and Kattupalli and its surrounding areas. Through its subsidiary, Adani Logistics Ltd., APSEZ operates 5 logistics parks and 60 trains. The company’s integrated services across three verticals, i.e. Ports, Logistics and SEZ, has enabled it to forge alliances with leading Indian businesses making APSEZ an undisputed leader in the Indian port sector. The company has 79 subsidiaries, 7 joint ventures and 2 associates company. The port sector plays a crucial role in the country’s economic empowerment. According to the ministry of shipping, around 95% of India’s trading by volume and 70% by value is being carried out through maritime transport. (Source: Sagarmala, Ministry of shipping). • India is the sixteenth largest maritime country in the world, with a coastline of about 7,517 km. Most cargo ships that trade from East Asia to Europe, America, Africa pass through Indian territorial waters. • The Indian ports and shipping industry plays a vital role in sustaining growth in the country’s trade and commerce. India has 12 major and 205 notified minor and intermediate ports. Under the National Perspective Plan for Sagarmala, six new mega ports will be developed in the country. • The Indian government plays an important role in supporting the port sector. It has allowed Foreign Direct Investment (FDI) of up to 100% under the automatic route for port and harbour construction and maintenance projects. • It has also facilitated a 10-year tax holiday to enterprises that develop, maintain and operate ports, inland waterways and inland ports.
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by Tradernawab