Ahmedabad, June 30 (IANS). Adani Ports on Tuesday announced that it has signed a definitive agreement with MSC Group, under which Terminal Investments Limited (TIL), MSC’s container terminal operations and investment company, will invest approximately $1.4 billion for a 49 per cent stake in Adani Vizhinjam Port Private Limited (AVPPL).
This agreement is considered to be the largest ever foreign private investment in India’s port sector. With this, Vizhinjam Port will further strengthen its position as a major transshipment hub in the Indian Ocean region.
Under this deal, TIL will invest approximately $1.397 billion in Vizhinjam Port, which is equivalent to 49 percent stake in the total valuation of Vizhinjam Port at $2.85 billion.
Ashwini Gupta, Whole-time Director and CEO, APSEZ, said that Vizhinjam Port has emerged as a major transshipment hub in a very short span of time.
“Within just 18 months, Vizhinjam Port has crossed the 20 lakh TEU (Twenty-foot Equivalent Unit) cargo handling mark. It has become the first port in India to achieve this feat,” he said.
He further said that he is delighted that APSEZ’s long standing partnership with MSC now extends to Vizhinjam Port. He believes that this collaboration will make the supply chain more efficient globally and further strengthen India’s access to key developed and emerging global markets.
The company said that this deal will be completed after getting other necessary approvals including regulatory approvals.
According to APSEZ, this strategic partnership with MSC Group will bring many major benefits. Due to this, the capacity of the port will increase rapidly due to additional cargo and operational expansion will be possible ahead of schedule.
Additionally, the share of cargo coming from Bangladesh will increase, which is currently dependent on other transshipment hubs in Southeast Asia. Additionally, the company’s presence on East African trade routes will be strengthened and the volume of relay cargo will also increase.
Terminal Investments Limited (TIL) is one of the world’s largest container terminal operating companies. It is part of the MSC Group and has a network of more than 100 container terminals across five continents. Also, the company handles more than 70 million TEUs of cargo every year.
Vizhinjam Port, commissioned in December 2024, is India’s first deep-draft mega transshipment port with a current capacity of 16 lakh TEU.
The company said that the expansion work of the port is going on, after which its capacity will increase 3.5 times to 57 lakh TEU by December 2028.
The biggest feature of Vizhinjam Port is its strategic location. It is located only 10 nautical miles from the major East-West shipping route connecting Europe, the Persian Gulf and the Far East.
Vizhinjam Port handled 13 lakh TEUs of cargo and 615 vessels during FY 2025-26. It also became the fastest port in India to cross the 1 million TEU mark in its very first year.
–IANS
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