Adani is considering investing in Philippines’ Bataan

News

Adani Ports plans to develop a 25-meter-deep port in Bataan, Philippines, investing in multiple sectors due to the “stable business environment under President Marcos.”

India-based Adani Ports and Special Economic Zone Limited (APSEZ Ltd.) is considering developing a port in Bataan, Philippines. The proposed port will be 25 meters deep, accommodating Panamax vessels.

APSEZ Ltd., part of the Adani Group, plans to invest in the Philippines’ ports, airports, power, and defence sectors.

During a courtesy call in Malacañang, APSEZ Managing Director Karan Adani highlighted the stable regulatory and business environment under President Marcos as a key reason for their investment.

President Marcos welcomed the expansion, suggesting the focus might be on ports handling agricultural products to enhance the Philippines’ global competitiveness. Marcos emphasized the government’s efforts to improve gateways for tourists and business travellers and to facilitate the affordable and reliable movement of agricultural products.

President Marcos also mentioned that the ports could initially serve domestic shipping before expanding to the international market. Additionally, he stressed the importance of public-private collaboration in opening up the Philippine economy.

APSEZ Ltd. is India’s largest commercial port operator, handling nearly 25% of the country’s cargo. The Adani Group, which encompasses several publicly listed companies with a combined market capitalization of over US$242.73 billion, operates in various sectors, including energy, ports and logistics, mining and resources, gas, defence and aerospace, and airports.

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