Adani Ports to Invest $1.2 Billion in Transshipment Terminal India’s Adani Ports and Special Economic Zone (APSEZ), the largest private port operator in the country, is set to invest $1.2 billion to develop a new transshipment terminal at Ennore port in Tamil Nadu, according to Bloomberg News reports. The terminal, expected to be operational by 2025, will have a capacity to handle 2.8 million twenty-foot equivalent units (TEUs) per year, making it one of the largest transshipment hubs in the region. Transshipment terminals play a crucial role in facilitating the movement of containers between major ports and smaller feeder ports. The investment is part of APSEZ’s ambitious growth plans to increase its cargo handling capacity by 50% over the next five years. The new terminal is expected to cater to the increasing demand for transshipment services in South Asia, particularly from developing countries such as Bangladesh and Sri Lanka. The project will also create significant employment opportunities in the region and boost economic activities in and around Ennore port. It is anticipated to attract new businesses and investments to the area, further strengthening India’s position as a maritime hub. Adani Ports is a subsidiary of the Adani Group, a diversified conglomerate with interests in various industries, including energy, transportation, and renewable energy. The company operates a network of 12 ports and terminals across India and has consistently invested in expanding its infrastructure and services. The development of the new transshipment terminal at Ennore port aligns with India’s vision to become a global maritime powerhouse. The project is expected to enhance trade connectivity, reduce logistics costs, and contribute to the overall growth of the Indian economy.Adani Ports Plans $1.2 Billion Investment in Southern India’s Vizhinjam PortAdani Ports Plans $1.2 Billion Investment in Southern India’s Vizhinjam Port Adani Ports and Special Economic Zone aims to invest 100 billion rupees ($1.2 billion) in the second phase of its Vizhinjam port project in Kerala, India, according to Bloomberg News. The expansion is slated for completion by 2028. The Vizhinjam port, which has strategic significance for both India and Adani Ports owner Gautam Adani, is poised to become the country’s first container transshipment hub upon its completion. It will rival international hubs like Dubai, Singapore, and Sri Lanka. The investment is part of an effort to attract major container lines such as MSC Mediterranean Shipping Co., AP Moller-Maersk A/S, and Hapag-Lloyd to call at the port. Adani Ports has not yet responded to Reuters’ request for comment. Note: The reference to the Adani-Modi relationship in paragraph 4 has been removed in this corrected story.India’s Adani Ports and Special Economic Zone Ltd. plans to invest $1.2 billion in a transshipment terminal at Vizhinjam port in Kerala, Bloomberg News reported on Tuesday. The terminal will have a capacity to handle 1.8 million containers a year, and is expected to be operational by 2024, the report said, citing people with knowledge of the matter. The investment will be made through Adani Ports’ subsidiary, Adani Vizhinjam Port Private Ltd. The transshipment terminal will cater to large container ships that will bring goods from Asia and Europe to India, and then transship them to smaller vessels for distribution to various ports along the Indian coast. Adani Ports is one of India’s largest port operators, with a presence in 10 ports across the country. The company has been investing heavily in infrastructure to increase its capacity and handle the growing volume of trade in India.