Adani to exit project for container terminal in Myanmar

Adani Ports has said that it is abandoning plans to build a container terminal in Myanmar, weeks after applying for a US license for the project, which has received substantial criticism from human rights organisations.

Scrutiny on investments in Myanmar has heightened since February when the armed forces overthrew the country’s democratically elected government in a military coup, with multiple reports of human rights abuses.

In August, Adani Ports and Special Economic Zone (APSEZ) asked the US Office of Foreign Assets Control (OFAC) for a license to operate Yangon International Terminal, after winning a bid last year to build and operate the facility.