GG News Bureau
New Delhi, 6th May. Adani Group’s subsidiary, Adani Ports and Special Economic Zone (APSEZ), is setting its sights on the Bataan province in the Philippines for port development. The announcement was made in a statement issued by the office of the President of the Philippines, Ferdinand R Marcos Jr.
During a courtesy call at Malacanang on May 2nd, APSEZ Managing Director Karan Adani discussed the group’s plans with President Marcos, highlighting the Philippines’ stable leadership and conducive business environment as key factors driving their interest in the region.
Mr. Adani revealed that APSEZ intends to establish a port capable of accommodating Panamax vessels with a depth of 25 meters. This strategic investment aligns with the Adani Group’s broader vision of diversifying its portfolio across sectors such as ports, airports, power, and defense.
President Marcos warmly welcomed APSEZ’s expansion plans, emphasizing the potential for ports specializing in agricultural products to enhance the Philippines’ global competitiveness. He encouraged APSEZ to initially focus on regional markets, gradually expanding to serve international shipping needs.
Furthermore, President Marcos underscored the government’s commitment to developing gateways for tourism and business, as well as facilitating the efficient transportation of agricultural goods within and beyond the country.
APSEZ, a flagship entity of the Adani Group, boasts a robust track record as India’s largest port developer and operator. With strategic locations along both the west and east coasts of India, APSEZ manages a network of seven ports and terminals on the west coast and eight on the east coast.
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