How Maharashtra has a deal with Adani for Dighi Port?

18th February 2021

18th February 2021

While Congress scion Rahul Gandhi never misses any chance to attack how Bharatiya Janata Party is giving benefits to Adani-Ambani(Adani Group chief Gautam Adani and Reliance Group chief Mukesh Ambani), his government Maha Vikas Aghadi government signed a deal with Adani Ports. 

Adani Ports and Special Economic Zone (APSEZ) has completed the acquisition of 100 per cent stake of Dighi Port Ltd (DPL) for Rs 705 crores.Dighi Port is the 12th port to join Adani Ports’s chain of economic getaways across the eastern and western coasts of India. Also with the acquisition, Adani Ports established their footprints in Maharashtra, which has one of the largest coastlines in the country. 

APSEZ also said it plans to invest over Rs 10,000 crore to develop the port into a multi-cargo hub with world-class infrastructure as well as investing in the development of rail and road evacuation infrastructure for seamless and efficient cargo movement.

After the duly settlement of remaining dues of financial creditors, the transfer of concession rights has also been approved by the Maharashtra Maritime Board. 

It is also expected that DPL will be developed as an alternative getaway to JNPT and will invite and support the development of port-based industries in port-land. 

Karan Adani, CEO and Whole Time Director of APSEZ said, “The successful acquisition of DPL adds another milestone in the Adani Port’s target of creating a string of ports to increase service coverage to the entire economic hinterland of India. With our growth focus, experience, and expertise in turning around acquisitions and we are confident of making DPL value accretive for all our stakeholders. Our investment & capacity augmentation plan will be aligned with policies of the Government of Maharashtra for development of ports, associated infrastructure, industrial and socio-economic development in the state".

 

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