"DOUBT IS NOT A PLEASANT CONDITION BUT CERTAINTY IS ABSURD" WAS SAID ByVOLTAIRE THE FAMOUS FRENCH PHILOSOPHER.
TODAY WHILE THE GLOBAL MARKETS SEEK SOME DEGREE OF CERTAINTY WITHIN A HIGHLY VOLATILEENVIRONMENT INDIA HAS EMERGED AS A BEACON OF HOPE ESPECIALLY AS THE OTHER BRIC NATIONSSTART TO SLOW DOWN OR STAY IN RECESSION. THE NEXT DECADE COULD WELL BE INDIA'S DECADE INTHE WORLD.
When the Adani Group's foray into ports was initiated in 1998 little did we know thenthat in just 18 years we would become the nation's largest ports and logistics player.
The capabilities we now have in place the current economic position of India and thespeed with which the Government has moved on the policy front has opened up severalopportunities for us and placed us well to take advantage of India's strategic positionwithin the global shipping network.
We thus grew from a single port company to 10 ports in a short span covering the entirecoast line of India. We have the ports of Mundra Kandla Hazira Dahej and Murmugao inthe west Dhamra and vishakhapatnam in the east and Ennore in the South. This togetherwith signing of definitive agreement to acquire Kattupalli in Tamil Nadu and the portunder development at Vizhinjam gives us a significant strategic advantage and anopportunity to serve our customers on a pan India basis.
These deep draft ports act as strategic hubs that provide unmatched connectivity todifferent inland spokes like warehouses silos and inland container depots. This allows usto create an integrated logistics network to connect our 10 ports with customers deep inthe hinterland transforming us into a larger holistic services provider. This reality iswithout precedent in India and plays to the strength of the core capabilities that theGroup already possesses.
next is our effort to bypass India's congested roads and railways with a coastalshipping strategy that the Government is strongly advocating. This is a greener solutionand helps add much-needed capacity to India's rail and road network. From a businessperspective this augments our revenues and margins as APSEZ benefits from loading andunloading charges at ports on both sides as well as gains other revenue streams associatedwith marine and logistics charges.
Yet another opportunity we are strongly positioned to capitalise on is containertranshipment.
Our network of container ports is unmatched in the country. This is further augmentedthrough joint ventures with two of the world's largest shipping lines MSC and CMA CGMthereby giving us the advantage of having partners who can capitalise on the differentstaging points we offer across India's coastline with best access to countries within andbeyond our subcontinent.
We have several other exciting initiatives at various stages of development. Thisincludes a globalisation strategy to expand our ports and logistics footprint a topmanagement strategy that focuses on the growth and development of in-house talent rampingup our business transformation program to continue enhancing processes and take advantageof next generation technologies We believe that the latter will drive a new phase ofprocess efficiency an innovation program that includes partnerships with some of the topuniversities of the world and a green program that will see us make our ports zerodischarge on every front
While the business continues to perform strongly our proudest moments come from thestories we hear about the lives we have had the opportunity to influence. Adanifoundation's education programs have already touched the lives of over 150000 youngstudents; our healthcare programs touch the lives of over 200000 people every year thesustainable livelihood programs have made over 35000 people and their entire familiesself-reliant and the foundation has improved the lives of over 500000 people across 177villages by providing better roads drinking water and other basic facilities. We aregrateful to have been given this opportunity.
The days ahead are exciting and I would like to thank our customers employeesshareholders bankers governments and the Board for making 2015-16 another excellentyear.
Chairman Adani Group