Recently, the Adani Group won a bid for one of Israel’s largest ports, Haifa, for $1.18 billion. Now the reaction of the Israeli media has come after Adani Group won the bid. Israeli media say that “the price is no longer important when the buyer is considering it a strategic buy”. Adani Port, a group company of Adani Group, has bid for this port along with Israel’s chemical and logistics company Gadot. Adani Port holds 70 per cent stake in this partnership, while Gadot holds 30 per cent.
An Israeli media report on Adani Group’s bid for Haifa Port said that the Adani Group has bid more than the Israeli government estimated for this port. After winning the bid for the port, Adani Group says it is a strategic buy for it, then the price becomes less important. Along with this, the report said that whatever companies were bidding with the Adani Group for the port. On hearing the offer of Adani Group, all those companies withdrew from the bid.
At the same time, a national newspaper wrote that Gautam Adani has a big business in infrastructure. He is a good friend of PM Modi of India and also the richest man in Asia. They have won the bid for the state-run Port Haifa together with Gadot, a local Israeli company.
The report further said that since the Adani Group has no hold in West Asia, Israel’s Haifa port is very important for them. For this there is a need to develop Haifa as a hub in the Mediterranean Sea.
On winning the bid, Gautam Adani, head of the Adani Group, tweeted that he is pleased to win the tender for the privatization of Haifa Port along with his partner Gadot in Israel. It has strategic and historical importance for both the countries (India and Israel). Proud to be in Haifa, where in 1918 the largest cavalry campaign in military history led by Indians was conducted.