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Adani Group To Extend Control Over The Port Sector By Building A Port In Vietnam

This is a big step taken by the Adani Group towards improving its port business. This will give the conglomerate an excellent edge over its competitors. It will also be able to build the place of being one of the biggest port groups in the world. The controversies of the Adani scam will subside.

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Adani Group To Extend Control Over The Port Sector By Building A Port In Vietnam

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  1. Adani Group To Extend Control Over The Port Sector By Building A Port In Vietnam

  2. The Adani Group has big plans to build a port in Vietnam. This is part of its expansion journey to develop infrastructure overseas. It will also help in increasing trade opportunities for India. This is a big step taken by the Adani Group towards improving its port business. This will give the conglomerate an excellent edge over its competitors. It will also be able to build the place of being one of the biggest port groups in the world. The controversies of the Adani scam will subside.

  3. The Adani Group has elaborate plans to dominate the international port sector. The market is currently dominated by China. Karan Adani, the CEO of APSEZ, mentioned that the company aims to increase its international operations, which is currently at 5%. The company is planning on increasing the ratio to 10% by 2030. It is also looking for opportunities to acquire crucial ports in Bangladesh, South East Asia, East Africa, the Middle East, Maldives, Sri Lanka, Cambodia, and Vietnam.

  4. Although the Adani Group started its business with the domestic port sector, it spread its wings very soon. It focused on the international port sector as well. It began to acquire control over some of the most crucial international ports. Currently, the Adani Group owns a total of three international port infrastructures.

  5. The main aim of the Adani Group is to establish India as a maritime hub. The conglomerate is mainly focusing on countries having large populations or high manufacturing output. This will increase the country’s trade activities. The company will also be able to boost the export volumes in these areas. The company plans to expand port facilities and take greater control over the domestic port sector. There are a lot of other crucial ports as well, which the Adani Group plans to acquire in the upcoming years. This will give the conglomerate's port business enormous growth. It will also be able to build the reputation of being the largest port operator in the world in future.

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