Karan Adani, son of Adani Group Chairman Gautam Adani, has been appointed as the CEO of Adani Ports and Special Economic Zone (APSEZ) with effect from January 1, 2016.
After a hiatus in 2014, there are emerging signs of takers for PPP projects in some of the sectors, including ports. Baring some shortcomings, PPPs have achieved resonable success rate. However, it is too early to say that they have been a grand success.
A holistic development model is required to push the sluggish growth in the ports sector. Looking at the bigger picture, from coal for power & steel plants to crude oil for refineries, ports provide a gateway for the majority of Indian trade.
The government decision to deny security clearance to the worldÂ´s biggest port crane maker, ChinaÂ´s state-owned Shanghai Zhenhua Heavy Industries Co (ZPMC), to supply cargo handling equipment to Major Ports will have serious implications for the countryÂ´s port industry, according to industry executives.
India plans to more than double its port capacity to 3,200 million tonne at an investment of Rs 2.87 trillion by 2020, drivin the demand for more port handling equipment. Sudheer Vathiyath trains through the prevailing trends in port equipment market.
The Adani Ports & Special Economic Zone (APSEZ) has emerged as the highest bidder to construct a container terminal at the Ennore Port. The company offered highest revenue for the planned Rs 1,270 crore project, compared to DP World which was the runner. Third company, Singapore Port Authority (SPA) did not participate in the final financial bid. Totally 11 firms have shown interest in the technical bid, however only three firms came to financial bid, according to a port official.
After giving relaxation in coastal shipping rule to Vallarpadam port in Kerala a year back, Adani Ports and Visakha Container Terminal are still are also waiting for the Union Shipping Ministry to relax the stringent coastal shipping rule that has the potential to double their transshipment business.