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Adani Group plans to expand its overseas port empire

Adani Ports and Special Economic Zone intends to investigate the new potential in countries such as Bangladesh, East Africa, Tanzania and Vietnam. Karan Adani, CEO of Adani Ports and Special Economic Zone (APSEZ), stated that the corporation is looking for more u201copportunities in our neighbouring countries.u201d The move is viewed as a geopolitical effort to offset Chinau2019s expanding maritime supremacy in the Indian Ocean, as per Adani updates.<br><br>

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Adani Group plans to expand its overseas port empire

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  1. ADANI GROUP PLANS TO EXPAND ITS OVERSEAS PORT EMPIRE

  2. Adani Ports and Special Economic Zone intends to investigate the new potential in countries such as Bangladesh, East Africa, Tanzania and Vietnam. Karan Adani, CEO of Adani Ports and Special Economic Zone (APSEZ), stated that the corporation is looking for more “opportunities in our neighbouring countries.” The move is viewed as a geopolitical effort to offset China’s expanding maritime supremacy in the Indian Ocean, as per Adani updates.

  3. According to Chakri Lokapriya, chief investment manager at Mumbai’s TCG Asset Management Co., Adani’s port ambitions are a “strategic” move allowing India to compete with China’s port network, stretching from Pakistan to Sri Lanka. According to Adani updates, Sanjiv Bhasin, director of Mumbai-based IIFL Securities Ltd. stated that “it is indeed a Chinese-styled expansion by Adani” in a world “looking beyond China.”

  4. Adani Ports’ domestic business provides for over 90% of the company’s revenue, according to Karan Adani, and this will continue as the company expands in India. A new Adani transhipment terminal in the southern state of Kerala was launched to capture a larger share of foreign goods. He stated that trade is booming and that the Adani Group is simply catching up.

  5. This expansion plan aims to complement Adani’s current projects in Israel and Sri Lanka, as evident by Adani updates.

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