Karan Adani, managing director of Adani Ports and Special Economic Zone Limited (APSEZ), said on Friday that India is currently in “Sweet Spot” and the ongoing tariff war between the US and China is increasing by two digits in the country. He also said that the company aims to complete the Visinjam International Deepwatter Multipurpose Civil Project of Kerala by 2028.
Development plan and investment
APSEZ has planned a capital expenditure of about Rs 12,000 crore for the financial year 2025-26. Out of this, about Rs 6,000 crore will be spent to increase the capacity of Mundra, Colombo and Dhamra ports. The remaining amount will be used for logistics, maritime sector, technology and decurbenization (reducing carbon emissions).
Also Read | Bonus Share: Get 3 free bonuses on every 1 stock! BSE Smallcap Company’s first big announcement
Increase in trade and global conditions
Talking to the media after the inauguration of Vijinjam Port, Karan Adani said, “We believe that container is a slowdown in trade, but it is only for Europe and China. For us, business is growing two digits, because business is growing due to tariff war. India is in a good place at the moment.”
He further said, “Some transmission points are taking advantage of such obstacles, as shipping lines have to root some cargo again. Apart from this, we are seeing that many construction companies are coming to India and exports to America from India are also increasing.”
Inauguration of Vijinjam Port
Prime Minister Narendra Modi inaugurated the Vijinjam International Cottage in Kerala on Friday, which is India’s first mega transmission container terminal. Karan Adani said that the company aims to use 90 percent capacity before starting its third phase.
First Published – May 2, 2025 | 6:31 PM IST
