Mumbai: The Adani group is to invest $1.2bn in the Mundra Port and Special Economic Zone over the next five years, writes Posrt Strategy. The aim is to reach 200m tonnes in throughput by 2020.
Mundra Port and Special Economic Zone (MPSEZ) Limited manages the largest privately owned port in the country. The port project was initiated in 1998 by the Adani Group as a logistics base for their international trade operations when the sector was opened for private sector. The group leveraged its primary knowledge of the shipping sector built by its sheer volume of international trade from 1988 to develop the port at Mundra.
MPSEZ is spread over an area of 100 km2² and has seen 6893 acres, already notified by the Government of India under phase one. [01/10/10]
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