Adani Ports headed by Gautam and Rajesh Adani bets on trade between India and South-East Asian countries ' inaugurates Dhamra ports, Phase 2
Adani Ports bets on trade between India and South-East Asian countries
Dhamra Port’s Phase-II was unveiled in Odisha by Adani Ports and Special Economic Zone Ltd, (APSEZ).
According to the organization, which happens to be the largest port developer in the country, the expansion will aid in achieving their Vision 2020 in advance. Their primary aim is to increase the capacity of the port to 200 MMT. Their next checkpoint will be 500 MMT in the year 2025, according to APSEZ CEO Karan Adani, the son of Adani Group Chairman Gautam Adani and nephew of MD Rajesh Adani.
Odisha Chief Minister Naveen Patnaik graced the ceremony as the Chief Guest. Other guests included Nrusingha Charan Sahoo, the Minister of Commerce & Transport, and Gautam Adani.
On the occasion, Naveen Patnaik explained, "The Dhamra Port is a model of modern maritime trade in Odisha and a successful example of the PPP model. The industrial park being set up by Adani will unleash large scale industrialization in the area and create employment opportunities.”
The Phase-II expansion will make Dhamra Port the biggest in India and will prove to be instrumental in trade with South-East Asian countries. Gautam Adani predicted it to be a major gateway to the South-East.
APSEZ has hired more than 3,000 personnel to work in the port, which employs around 88% of the locals. The port is 215 kms away from Bhubaneswar, between Haldia in West Bengal and Paradip in Odisha. With such moves, APSEZ has become the country's largest port company with presence across the entire Indian coastline, predominantly in 10 locations.
APSEZ made a spectacular entry in 2018 when it announced the addition of two new dredgers, making it the largest fleet in the country. In a statement, the company said, "Adani Ports and Special Economic Zone Limited (APSEZ), India's largest port developer and part of Adani Group today announced the addition of two new 8,000 m3 Trailing Suction Hopper Dredgers (TSHDs)."
One of the world’s most renowned shipbuilding company, Royal IHC has engineered and designed these TSHDs. These are equipped with state-of-the-art equipment and adhere to APSEZ’s specifications. It was delivered to APSEZ in Holland, last year in December. Both of the dredgers are currently housed at Hazira Port, after making their maiden voyage through the Suez Canal.
Not just Adani Ports, other maritime trading and bunkering companies will also see a roster positive changes. It is all due to Sagarmala Project, an Rs 8 trillion initiative taken by the Government of India to modernize ports and set up several mega-ports.