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Logistics
Busan Port and Adani Ports SEZ ink MOU to set up logistics businesses in India
Date:2019-09-25 Readers:
SOUTH Korea's Busan Port Authority (BPA) has announced that it concluded a memorandum of understanding (MoU) with Adani Ports and Special Economic Zone Limited, India's private port operator, for port logistics businesses in India.

The two parties agreed to jointly develop warehouses and other logistics facilities in the ports and inland container depots managed by Adani Group.

BPA president Kichan Nam commented: "India with high economic growth rates and rising harbour volume has very great demands for logistics infrastructure development. Busan Port Authority will closely cooperate with India's largest port operator Adani Ports and SEZ, actively pursuing various logistics business opportunities."

Adani Ports and SEZ Ltd, a part of the Adani Group, is India's largest private multi-port operator. Among many container terminals it operates, Mundra Port is one of the most important ports to the Group as it is the gateway to the northwest region of India.

According to Alphaliner, Mundra Port has rapidly grown to become the world's 36th largest port in 2018, handling 4.5 million TEU, an 11 per cent increase from the previous year, reports Steel Guru, of Haryana, India.

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