Transportation
Adani Ports Seeks More Global Footholds to Challenge China Might
- Poor shipping connectivity has hindered India’s maritime trade
- Group looking at opportunities in Middle East, Southeast Asia
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Adani Ports & Special Economic Zone Ltd., the world’s largest logistics operator by market value, plans to take over more seaports around the globe, especially in the Middle East, Africa and Southeast Asia, to transform India into a major trading hub.
The Ahmedabad-based company is either already operating a port or gearing up for it in four overseas locations, as it tries to challenge China’s dominance of the Indian Ocean trade infrastructure known as the “string of pearls.” It’ll be a big task, given that India’s current container traffic is less than 10% of the world’s second-largest economy.