New Delhi:
Karan Adani, Managing Director of Adani Ports and SEZ Limited (APSEZ), said Kerala on Friday port “Is much better equipped” and that it will “enable the development of the country”.
Vijinjam International Cottage in Kerala – India’s first mega transpiration container terminal – was formally inaugurated Prime Minister Narendra Modi On friday
The country’s largest port developer and part of Adani Group is created by APSEZ, in partnership with the government under a public-private model. The cost of the project was around Rs 8,900 crore and its commercial cow-rage increased in December last year after a successful testing phase.
Speaking to reporters after the inaugural program, Mr. Adani thanked PM Modi and Kerala Chief Minister Pinarayi Vijayan for his support.
He also said that the average cost of calling a ship to Vijinjam Port would be around $ 40 per box.
He said, “We have to become an environment for development in the country, and we believe that whatever we are making today is not enough. When we built this (port), everyone was questioning whether it will be filled or not. Today, we are running about 100 thousand moves every month,” he said.
Mr. Adani said that 90 percent of the application is targeting uses.
Speaking on the influence of the tariff imposed by US President Donald Trump, Mr. Adani said that any disruption in the trade routes “definitely affects the movement of shipping lines and cargo”.
“In this way, some of the transpiration points really benefit from disruption as shipping lines will have to root some cargo again. It is from a transmission perspective. I think from a business perspective, we are seeing that a lot of manufacturing is moving in India and export boxes are growing from India,” he said.
(Disclaimer: New Delhi Television AMG Media Networks Limited is a subsidiary of a Adani group company.)
