Adani's APSEZ plans port development in Philippines
PORTS & SHIPPING

Adani's APSEZ plans port development in Philippines

The office of the President of the Philippines revealed that APSEZ, a firm under the Adani Group, expressed interest in developing a port in Bataan province. According to a statement, Karan Adani, the Managing Director of APSEZ, had a meeting with President Ferdinand R Marcos Jr at Malacanang on May 2. During the meeting, Adani discussed the group's intentions regarding the port project.

Adani mentioned that APSEZ aims to establish a port in the Philippines owing to the stable leadership and favourable environment in the country. He elaborated that their plan involves constructing a 25-metre deep port capable of accommodating Panamax vessels. Additionally, the Adani Group is considering investments in ports, airports, power, and defence sectors.

Quoting Adani, the statement highlighted Marcos's positive reception towards APSEZ's expansion plans. Marcos proposed that the focus of the port operations could initially revolve around handling agricultural products, enabling the Philippines to compete on a global scale eventually. He suggested that APSEZ should begin its operations regionally, with the ports initially catering to local or domestic shipping needs before venturing into the international market.

Furthermore, Marcos mentioned the government's efforts to develop gateways for tourists and business travellers, as well as facilitating affordable and reliable transportation of agricultural products within the country.

APSEZ, a segment of the globally diversified Adani Group, is recognized as the largest port developer and operator in India. The company currently manages seven strategically positioned ports and terminals on the west coast, along with eight on the east coast of India.

The office of the President of the Philippines revealed that APSEZ, a firm under the Adani Group, expressed interest in developing a port in Bataan province. According to a statement, Karan Adani, the Managing Director of APSEZ, had a meeting with President Ferdinand R Marcos Jr at Malacanang on May 2. During the meeting, Adani discussed the group's intentions regarding the port project. Adani mentioned that APSEZ aims to establish a port in the Philippines owing to the stable leadership and favourable environment in the country. He elaborated that their plan involves constructing a 25-metre deep port capable of accommodating Panamax vessels. Additionally, the Adani Group is considering investments in ports, airports, power, and defence sectors. Quoting Adani, the statement highlighted Marcos's positive reception towards APSEZ's expansion plans. Marcos proposed that the focus of the port operations could initially revolve around handling agricultural products, enabling the Philippines to compete on a global scale eventually. He suggested that APSEZ should begin its operations regionally, with the ports initially catering to local or domestic shipping needs before venturing into the international market. Furthermore, Marcos mentioned the government's efforts to develop gateways for tourists and business travellers, as well as facilitating affordable and reliable transportation of agricultural products within the country. APSEZ, a segment of the globally diversified Adani Group, is recognized as the largest port developer and operator in India. The company currently manages seven strategically positioned ports and terminals on the west coast, along with eight on the east coast of India.

Next Story
Real Estate

Centre proposes digital property law to modernise registrations

In a landmark move to modernise India’s property registration system, the Central Government has released the draft Registration Bill, 2025, which seeks to replace the 117-year-old Registration Act of 1908. The proposed legislation introduces a fully digital, paperless, and citizen-centric framework for registering immovable property — a first for India’s real estate sector. Prepared by the Department of Land Resources under the Ministry of Rural Development, the draft bill proposes key changes such as online submission and registration of documents, electronic admission and verific..

Next Story
Infrastructure Transport

GMDA Approved to Cut 1,300 Trees for Gurugram Metro Construction

The Gurugram Metropolitan Development Authority (GMDA) has obtained approval to fell 1,300 trees between Millennium City Centre and Hero Honda Chowk for the Gurugram Metro project, officials stated on Monday.A senior GMDA official mentioned that the forest department had granted clearance the previous week. The official explained that permission had been received to cut down 1,300 trees, while approval for felling an additional 500 trees on the stretch from Hero Honda Chowk to Sector 9 was expected soon. They added that the modalities for tree felling would be coordinated with Gurugram Metro R..

Next Story
Infrastructure Transport

PIB Clears East-West Corridor for Lucknow Metro Project

The Public Investment Board (PIB) has granted approval for the East-West Corridor of the Lucknow Metro, with an estimated project cost of ₹5,801 crore. This corridor, part of Phase 1B of the metro project, will cover a distance of 11.165 km, stretching between Charbagh and Vasantkunj.The decision was made during a PIB meeting held in Delhi in the first week of May, which was chaired by the Union Finance Secretary. The approval followed the clearance of the detailed project report (DPR) by the Uttar Pradesh government in March 2024. Subsequently, the Network Planning Group (NPG) provided the ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?