India in 'sweet spot' amid tariff war, sees trade growth: Karan Adani

Karan Adani says US-China tariff war is boosting India's container trade, APSEZ to invest Rs 12,000 crore in FY26 and targets Vizhinjam port completion by 2028

Adani Ports and Special Economic Zone Ltd (APSEZ) Managing Director Karan Adani on Friday said India was in a ‘sweet spot’ and was witnessing double-digit growth in trade due to the ongoing tariff war between the United States and China. Karan said the company aims to handle 5 million twenty foot equivalent units (TEUs) at the Vizhinjam port by 2028.

 

APSEZ has earmarked ₹12,000 crore for capital expenditure (capex) for FY26. Of which, around ₹6,000 crore will go towards capacity expansion in Mundra, Colombo, and Dhamra ports. The remaining amount will go for expansion in logistics, marine, technology, and decarbonisation.

 

 

“We believe that there is a depression in the trade of containers. However, it is depression in terms of the Europe and China perspective. For us, trade is increasing more than double digits due to the trade war. But India is in a sweet spot,” he said, addressing the media after the commissioning of the Vizhinjam port.

 

"In that way, some of the transhipment points actually benefit from disruptions because shipping lines will have to re-route some of the cargo. That is from a transhipment perspective. I think from a trade perspective, we are seeing that a lot of manufacturing is moving into India and the export boxes are increasing from India to the US," he added.