All posts tagged: APSEZ

Adani Firm APSEZ Plans Port Development In Philippines

Published by Webster

APSEZ plans to develop a 25-meter deep port that can accommodate Panamax vessels (Representational) New Delhi: Adani Group firm APSEZ is eyeing the Philippines’ Bataan province to develop a port, a statement issued by the office of the president of the Philippines said. APSEZ Managing Director Karan Adani met the Philippines President Ferdinand R Marcos Jr at Malacanang on May 2 in a courtesy call to discuss Adani Group’s plans for the port. APSEZ is planning to open a port in the Philippines due to the nation’s stable leadership and environment, the statement quoted Mr Adani as saying. He said APSEZ plans to develop a 25-meter deep port that can accommodate Panamax vessels. The Adani Group, on the other hand, is planning to invest in ports, airports, power, and defence. According to the statement, Marcos welcomed APSEZ expansion plans in the Philippines, suggesting it may focus on ports handling agricultural products to enable the Philippines eventually compete globally. He suggested that the company should start regionally and the ports could also cater to local or …

Karan Adani Elevated As Managing Director Of Adani Ports And SEZ

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Adani Ports and Special Economic Zone Ltd is India’s largest ports and logistics company. Ahmedabad: Adani Ports and Special Economic Zone Ltd, India’s largest ports and logistics company, has elevated CEO Karan Adani to the role of Managing Director. The position was held by Gautam Adani, Chairman of the Adani Group, who has now been re-designated as Executive Chairman of Adani Ports and Special Economic Zone Ltd (APSEZ), which is one of the fastest-growing integrated transport utilities in the world. Under Karan Adani as CEO, APSEZ experienced a period of remarkable growth, contributing significantly to the nation’s infrastructure development. Beginning his career with the Adani Group at the Mundra Port in 2009, Mr Adani took over as CEO in 2016, after which the APSEZ portfolio expanded rapidly. Four ports and terminals were added in India, one in Sri Lanka and another in Israel. Following a series of strategic expansions and partnerships, APSEZ has become India’s fastest-growing and largest private sector port developer and operator, with 14 ports along India’s coastline and two outside the country. …