Adani fast tracks Mundra Port expansion

    Adani Mundra Port
    In order to cash in on the emerging business opportunities at the Adani International Container Terminal Pvt. Ltd. (AICTPL), Adani Ports and Special Economic Zone (APSEZ) Ltd. has decided to complete the expansion of at Mundra port by 2017. The expansion, which is aimed at creating a trans-shipment hub for the Middle East, South Asia, and India, is strategically a part of Group's plans to develop a world-class portfolio of ports and allied logistics facilities to capture the benefits of the country's emergence as a global container trans-shipment hub. It may be recalled that AICTPL is a joint venture with Terminal Investment, which is a part of Swiss-based Mediterranean Shipping Co., the second largest shipping liner in the world. As a matter of fact, APSEZ is developing a world-class portfolio of ports and allied logistics across India, Chief Executive Officer, Karan Adani said, adding that after completion it will be capable of handling 18,020 foot equivalent unit container vessels commanding a cumulative capacity of 6.6 million tons.
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