How the Adani group came to dominate India’s foreign trade
A combination of acquiring ports and building a logistics network gives the conglomerate unparalleled supremacy in the import-export market.
In recent times, Gautam Adani has been in the news for his forays into airports, green energy and cement. Not so much the ports business. Yet, that’s where his Adani group has quietly built a dominance that’s unparalleled and without any competition.
Since January 2020, group company Adani Ports and Special Economic Zone, or APSEZ, has spent nearly Rs 39,000 crore on acquiring new ports across the country. This, coupled with a rebound in foreign trade after two years has seen Adani solidify his group’s presence at the centre of the action.
APSEZ is now India’s largest private port operator, …
Author
Advait PalepuAdvait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.
Writer
advait@mailtmc.com
Mumbai