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India’s largest private port operators, JSW Infrastructure (JSW Infra) and Adani Ports and Special Economic Zone (APSEZ), are planning significant expansion initiatives, collectively valued at ?80,000 crore. This move is driven by an anticipated surge in trade and Indias maritime vision, which aims to achieve a cargo handling capacity of 10,000 million tonnes per annum (mtpa) by 2047.
JSW Infra, currently boasting a cargo handling capacity of 170 mtpa, intends to increase this capacity to 288 mtpa by FY28 and further expand it to 400 mtpa by FY30, reflecting a compound annual growth rate (CAGR) of 15%. The company is strategically positioned to leverage the growing demand for port services in the region.
On the other hand, Adani Ports has already established itself as the largest commercial port operator in India, with ambitious plans to further enhance its operational capacity and efficiency. Both companies are aligning their strategies with the government’s vision to bolster the maritime sector, thus contributing to India’s overall economic growth and enhancing its global trade footprint.
The investments by JSW Infra and Adani are expected to not only increase their cargo handling capacities but also create jobs and improve infrastructure in the coastal regions, ultimately supporting Indias broader economic goals. |
