Karan Adani
Karan Adani, managing director of Adani Ports and Special Economic Zone (APSEZ), has said that India’s largest private port operator is focusing on increasing its marine, logistics and agricultural-logistics businesses. Adani said that Adani Group’s leading company APSEZ will invest Rs 13,000 crore in the second phase at the International Port, which will increase the goods carrying capacity of this deep -water port from the existing 12 lakh TEU (twenty feet equivalent units) to about 50 lakh TEUs by 2028. Prime Minister Narendra Modi inaugurated the Vidinagam International Port on May 2, which was completed at an estimated cost of Rs 8,867 crore.
We have three big business areas
He said that within APSEZ, we have three big business sector-community business, logistics business and agricultural-logistics business, on which we are working on. ” He pointed out that APSEs are the biggest operator in maritime trade in the country. “Now the idea is to increase the business within India as well as outside India.” In the case of logistics, Adani said that APSEs are considering creating a multi-model logistics park, as Adani Group has done in the ports. He said, “We want to create big, multi-model logistics parks, and then want to increase the quantity as well as help increase efficiency.”
Domestic goods and import-export goods business
Referring to the agricultural-logistics business, Adani said that the grain stored in India today is not stored properly. He said, “Therefore we are considering making and storing them.” Asked how Vidyungam is different from other ports of the international port APSED, Adani explained that the ports of Adani Group mainly do business of domestic goods and import-export goods, none of them do business of transit goods. He said, “Vidinagam International Port is the first port in the country to have 100 percent transit business. Currently, all the goods coming from our ports are going to Singapore and Colombo, these are the (goods) that we are targeting to bring to the Videngam port.” Currently, 75 percent of India’s transit goods are operated at the ports outside India and Indian ports lose a possible revenue of up to $ 20-22 million per year on transit operation of Indian ports coming from India.
Have to compete internationally
The main objective of the Vidinagam project is to bring back the transit of Indian goods currently being done on foreign ports in Singapore, Colombo, Salalah and Dubai. The transit port is a type of transit hub, where the goods from a ship are transferred to another ship on the way to reach its final destination. Asked how to compete with the International Port Colombo and Singapore ports in terms of fees, Adani said that Vidingam ports would have to compete internationally. He said, “Therefore we have to compete not only on fees, but not only the fees. We have to compete on efficiency, we have to compete with operations as well as productivity.” In response to a question on APSEs’s International Acquisition Scheme, he said that Southeast Asia and East Africa regions are areas of interest for APSEs.
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