India’s Adani Group, now the nation’s largest private port operator, has eyes on making overseas terminal acquisitions. The company held a groundbreaking ceremony yesterday for its long awaited Vizhinjam transhipment terminal in the south of India. Karan Adani said the company was looking to invest in ports in four nearby countries as well as three more on home soil to add to the nine it has already bought into.
“We have three missing pieces left — Maharashtra, Karnataka and Andhra Pradesh,” said Adani, 27, executive director of Adani Ports and Special Economic Zone (APSEZ) in Thiruvananthapuram, the Kerala state capital. “We are actively scouting, greenfield and brownfield sites.”
He added: “We’ll look to go international. We are actively looking at Myanmar, Bangladesh, East Africa, Southeast Asia. Our strategy would be to look at Bay of Bengal. Ports in Bangladesh, Myanmar, Southeast Asia, in countries like Malaysia or Indonesia, where there is a scope to have a tieup with ports in India.”