India  ,Phillippines

APSEZ, a subsidiary of the Adani Group, explores development of a deep-water port in the Philippines' Bataan province, aiming to expand its global port operations and leverage the nation's stable leadership for business growth.

In a move aimed at expanding its global footprint, APSEZ, a subsidiary of the Adani Group, is considering the development of a port in the Philippines' Bataan province. This intention was communicated during a meeting between APSEZ Managing Director Karan Adani and Philippines President Ferdinand R Marcos Jr at Malacanang on May 2.

The meeting, described as a courtesy call, provided an opportunity for Adani to discuss the group's plans for the port with President Marcos. Adani expressed the company's interest in the Philippines due to its stable leadership and conducive environment for business.

The proposed port project entails the development of a deep-water facility capable of accommodating Panamax vessels, with a depth of 25 meters. Adani Group, known for its investments in ports, airports, power, and defence, sees potential in expanding its operations to the Philippines.

President Marcos welcomed APSEZ's expansion plans, particularly emphasizing the significance of ports in handling agricultural products for global competitiveness. He suggested that initially, the focus should be on regional operations, gradually transitioning to international markets. Additionally, Marcos highlighted the government's efforts to enhance gateways for tourism and business, as well as facilitating the efficient transportation of agricultural goods domestically and internationally.

APSEZ, as part of the Adani Group, holds a prominent position as the largest port developer and operator in India. With strategic locations spanning both the west and east coasts of India, the company has established itself as a key player in the maritime sector.

In summary, APSEZ's interest in developing a port in the Philippines underscores its commitment to expanding its operations beyond India's borders. The potential collaboration between APSEZ and the Philippines government signifies a promising opportunity for mutual economic growth and development in the region.