Adani Group eyes global expansion with new container port in Malaysia

APSEZ operates container handling facilities at its flagship Mundra Port as well as Hazira Port

Adani group takes a gamble on growth
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Adani Ports and Special Economic Zone Ltd (APSEZ), India's biggest private port operating firm, plans to undertake a feasibility study on building a greenfield multi-purpose port, mainly for handling containers at Carey Island in Malaysia's Selangor state, about 50 km southwest of capital Kuala Lumpur. The feasibility of developing a mega container handling port project on Carey Island as an extension of the existing Port Klang has been flagged off with the signing of a Memorandum of Understanding (MoU) between APSEZ and MMC Port Holdings Sdn Bhd, a wholly-owned unit ...