Indian company Adani seeks to develop port in Bataan

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Adani Ports and Special Economic Zone Limited managing director Karan Adani (left) during a courtesy visit to President Ferdinand Marcos Jr. (right). Photo from Presidential Communications Office.
  • India-based Adani Ports and Special Economic Zone Limited is eyeing to develop a port in Bataan as it looks at investing in the Philippines
  • APSEZ managing director Karan Adani said his company plans to develop a 25-meter-deep port in Bataan that can accommodate Panamax-sized vessels
  • The Adani Group, of which APSEZ is a part of, is also planning to invest in ports, airports, power, and defense

India-based Adani Ports and Special Economic Zone Limited (APSEZ) is eyeing to develop a port in Bataan as it looks at investing in the Philippines.

APSEZ managing director Karan Adani told President Ferdinand Marcos, Jr. in a courtesy call on May 3 that his company plans to develop a 25-meter-deep port in Bataan that can accommodate Panamax-sized vessels.

The Adani Group, of which APSEZ is a part, is also planning to invest in ports, airports, power, and defense, Malacañang said in a statement.

APSEZ is India’s biggest private port operator and an end-to-end logistics provider. It currently has 13 ports and terminals that represent 24% of India’s port capacity.

The Adani group is comprised of several publicly-listed entities with a combined market capitalization of more than $242.73 billion. Among its business areas are energy, ports and logistics, mining and resources, gas, defense and aerospace, and airports.

Adani said they are looking at investing in the Philippines because of “stability.”

“Your Excellency, as a private sector what we always look for is stability. Stability in the regulation, stability in the environment that we are operating in. That is what, as you said, you are providing,” Adani told Marcos.

Marcos, for his part, suggested APSEZ may focus on ports handling agricultural products to enable the Philippines to eventually compete globally.

He also suggested that the company start investing regionally, and in ports that cater to domestic shipping before shifting to the international market.

APSEZ currently operates 13 domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha.

Through its subsidiary, Adani Logistics Ltd., APSEZ also operates three logistics parks located at Patli in Haryana, Kila-Raipur in Punjab and Kishangarh in Rajasthan.