On 23rd February, 2023, Adani Ports and Special Economic Zone Ltd (APSEZ), which is a subsidiary of the diversified Adani Group and the biggest integrated transport utility in India, achieved a cargo handling milestone of 300 MMT in just 329 days, surpassing its previous record of 354 days from the previous year.
CEO of APSEZ and Director of Whole Time, Karan Adani said, “The improvement in cargo volumes is testimony to the faith that our customers have in us. It shows our commitment to using improved efficiencies and technological integrations to drive and achieve customer satisfaction. The APSEZ’s flagship port, Mundra, is outpacing all its closest rivals by comfortable margins and continues to be the largest port in the nation in terms of volumes handled. Mundra’s infrastructure meets world standards and provides service levels on par with those of its global competitors, making it India’s gateway for container goods.”
The increase in cargo volume handled by ports is a positive indication that the Indian economy is gaining momentum. Since nearly 95 percent of India’s trade volumes rely on maritime transportation, it’s critical to have state-of-the-art mega ports along the coastline. APSEZ has proactively established a series of ports (referred to as “pearls”) along with inland container depots (ICDs) and warehouses, with its self-owned transportation infrastructure covering over 70 percent of the hinterland, through concession agreements with various government authorities. This interconnectivity is vital to APSEZ’s strategic vision for optimizing trade and transportation logistics in India.