Adani Ports scouts for opportunities in Asia

Adani Ports and Special Economic Zone (APSEZ) is actively exploring strategic expansion opportunities in the Philippines, Vietnam, Indonesia, and the Middle East as part of its broader push to grow its global footprint, a senior company official confirmed.

The expansion plans come as the ports and logistics arm of the Adani Group works to refinance ₹9,034 crore in debt due in the current fiscal year. APSEZ has allocated ₹12,000 crore for capital expenditure this year, with ₹2,000 crore specifically set aside to bolster its existing international operations. These include capacity upgrades at Colombo West International Terminal (CWIT) in Sri Lanka, Haifa Port in Israel, and a port project in Tanzania.

Speaking to The Economic Times, Karan Adani, Managing Director of APSEZ, said, “We’re focusing on high-growth, high-population countries with stable governments. Vietnam, the Philippines, and Indonesia are key markets we’re evaluating for expansion.”