SS: India’s largest commercial port operator is eyeing to expand its operations in the Philippines, citing the country’s “stable” regulations and business environment under President Marcos.
Adani Ports and Special Economic Zone Ltd. managing director Karan Adani last Thursday disclosed the company’s expansion plans during a meeting with Marcos at Malacañang, including a plan to develop a port in Bataan.
“The company plans to develop a 25-meter-deep port that can accommodate Panamax vessels. The Adani Group, on the other hand, is planning to invest in ports, airports, power and defense,” the Presidential Communications Office (PCO) said in a statement.
Panamax vessels refer to ships that can transit the Panama Canal. These tankers range in length from 200 to 250 meters and have capacities of 50,000 to 80,000 deadweight tons (dwt).
According to the PCO, Adani sees the port development plan in the province as “a good opportunity for the company.”
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SS: India’s largest commercial port operator is eyeing to expand its operations in the Philippines, citing the country’s “stable” regulations and business environment under President Marcos.
Adani Ports and Special Economic Zone Ltd. managing director Karan Adani last Thursday disclosed the company’s expansion plans during a meeting with Marcos at Malacañang, including a plan to develop a port in Bataan.
“The company plans to develop a 25-meter-deep port that can accommodate Panamax vessels. The Adani Group, on the other hand, is planning to invest in ports, airports, power and defense,” the Presidential Communications Office (PCO) said in a statement.
Panamax vessels refer to ships that can transit the Panama Canal. These tankers range in length from 200 to 250 meters and have capacities of 50,000 to 80,000 deadweight tons (dwt).
According to the PCO, Adani sees the port development plan in the province as “a good opportunity for the company.”