Adani Ports’ JV with CMA CGM

The new con­tainer ter­mi­nal at Mun­dra port, to be de­vel­oped un­der the joint ven­ture with the French group, will have world-class fa­cil­i­ties and will boost cargo vol­umes across the board.

Cargo Talk - - Indian Ports - CT BUREAU

AdaniPorts and Spe­cial Eco­nomic Zone (APSEZ) signed an agree­ment with France's CMA CGM Group to de­velop a new com­mon-user con­tainer ter­mi­nal at the Mun­dra port. This will be the fourth con­tainer ter­mi­nal at Mun­dra and will have a 650-me­tre ter­mi­nal, along with 27 hectares of back area, ca­pa­ble of han­dling 1.3 mil­lion TEUs an­nu­ally. It is tar­geted to be com­pleted in a record time of 24 months. The new ter­mi­nal will be set up as an equal joint ven­ture be­tween APSEZ and CMA CGM Group.

Ac­cord­ing to the state­ment re­leased by APSEZ, this part­ner­ship is ex­pected to sig­nif­i­cantly ac­cel­er­ate the ramp up of ex­port, im­port and trans­ship­ment con­tainer vol­umes in In­dia.

“We are very pleased with this JV part­ner­ship that will help put our con­tin­ued ex­pan­sion at the Mun­dra port on an even steeper tra­jec­tory. The strate­gic value of such a part­ner­ship with a ma­jor global player like CMA CGM is hugely sig­nif­i­cant and opens up a whole set of ad­di­tional op­por­tu­ni­ties and syn­er­gies for both the com­pa­nies”, said Gau­tam Adani, Chair­man of the Adani Group.

The new con­tainer ter­mi­nal is planned to be a world-class fa­cil­ity that will stim­u­late the growth of cargo and ac­cel­er­ate the in­dus­trial devel­op­ment over the vast hin­ter­lands that Mun­dra pro­vides ac­cess to. This will make Mun­dra the largest con­tainer port in the coun­try, with a to­tal han­dling ca­pac­ity reach­ing 5.5 mil­lion TEUs.

Farid T. Salem, Ex­ec­u­tive Of­fi­cer of CMA CGM and Direc­tor of the Board, said, “With this in­vest­ment, CMA CGM and Adani Ports will de­velop a state-of-the-art in­fra­struc­ture that will play a key role for the devel­op­ment of the coun­try's in­dus­try. CMA CGM has strong am­bi­tions in In­dia. We are con­vinced our part­ner­ship with Adani Ports will sig­nif­i­cantly re­in­force this strat­egy”.This joint ven­ture is a ma­jor step for APSEZ to ex­pand its con­tainer ter­mi­nals foot­print across In­dia’s coast­line. This part­ner­ship will also al­low Adani Ports to ful­fill its stated vi­sion of han­dling 200 mil­lion met­ric tonnes of cargo well be­fore the year 2020.

Gau­tam Adani

Chair­man, Adani Group

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