Friday , 21 October 2016
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Adani looks to expand abroad

India’s biggest private port operator is reportedly looking for opportunities to invest in several countries abroad.

Adani Ports and Special Economic Zone (APSEZ) is scouting for opportunities in Sri Lanka, Bangladesh, the US and Europe, according to Indian business newspaper Mint.

The research is reportedly being led by Karan Adani, the company’s CEO and the son of its founder, Gautam Adani.

“The overall objective is to make the group a transhipment port company,” an anonymous executive told Mint.

The company currently does not operate any container terminals abroad, although it does operate a coal mine and a related railway and coal terminal in Queensland, Australia.

At the time of publication, an Adani spokesperson had not responded to a request for comment.