Ahmedabad, June 30 (SocialNews.XYZ) Adani Ports on Tuesday said it has entered into a definitive agreement with MSC Group under which MSC’s container terminal operating and investing arm Terminal Investment Limited (TiL) will invest for 49 per cent interest in Adani Vizhinjam Port Private Limited (AVPPL), the concessionaire for Vizhinjam port.
The strategic collaboration represents the single largest foreign private investment in Indian port infrastructure and cements Vizhinjam’s emergence as a dominant transshipment gateway in the Indian Ocean region.
TiL will invest $1.397 billion, equivalent to its proportionate 49 per cent share in Vizhinjam port in total deal value of $2.85 billion.
“Vizhinjam port has emerged as a premier transshipment hub and ramped up at an unprecedented pace, becoming the first Indian port to earn the unique distinction of crossing two million TEUs within 18 months of operations,” said Ashwani Gupta, Whole-time Director and CEO, APSEZ.
“I am delighted to expand APSEZ’s long-standing partnership with MSC to Vizhinjam, as we prepare for the port’s next leg of journey. I am confident that our association will deliver enhanced supply chain efficiencies at a global scale and improve India’s access to key global mature and developing markets,” Gupta said.
The transaction is subject to customary approvals, including regulatory ones.
The strategic collaboration between APSEZ and MSC Group will deliver significant advantages for APSEZ, including enhanced volume visibility and accelerated ramp-up ahead of plan, driven by additional cargo volumes; a higher share of Bangladesh cargo, largely dependent on competing Southeast Asian transshipment hubs; strengthen presence on East Africa trade routes; and elevated relay cargo volumes.
TiL is one of the world’s largest container terminal operators and part of the MSC Group comprising a portfolio of more than 100 container terminals across five continents and a throughput of more than 70 million TEUs per annum.
Commissioned in December 2024, Vizhinjam port is India’s first deep-draft mega transshipment port with 1.6 million TEU capacity. The port is undergoing expansion that will increase capacity 3.5x to 5.7 million TEUs by December 2028, according to the company.
Vizhinjam port is strategically located just 10 nautical miles from the East-West shipping route connecting Europe, the Persian Gulf, and the Far East.
During FY26, Vizhinjam port handled 1.3 million TEUs. In its first year, Vizhinjam port handled 1.3 million TEUs and 615 vessels, becoming the fastest Indian port to cross the one million TEU milestone.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz