: Adani Ports beats own milestone as cargo volumes cross 300 MMT in just 329 days #IndiaNEWS #Business Ahmedabad, Feb 26 (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated

Adani Ports beats own milestone as cargo volumes cross 300 MMT in just 329 days #IndiaNEWS #Business
Ahmedabad, Feb 26 (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ), the largest integrated transport utility in India and a part of the diversified Adani Group, crossed 300 MMT of cargo handling on February 23, 2023, in just 329 days, beating its own milestone from last year of 354 days.
APSEZ has registered unprecedented growth since it started operations over two decades ago and continues to outperform all India cargo volume growth, with its market share rising rapidly.
The improvement in cargo volumes is testimony to the faith that our customers have in us, APSEZ CEO and Whole Time Director Karan Adani said.
It shows our commitment to using improved efficiencies and technological integrations to drive and achieve customer satisfaction. The APSEZs flagship port, Mundra, is outpacing all its closest rivals by comfortable margins and continues to be the largest port in the nation in terms of volumes handled. Mundras infrastructure meets world standards and provides service levels on par with those of its global competitors, making it Indias gateway for container goods.
Increase in cargo volume handled at ports is a signthat the nations economy is picking up. Almost 95 per cent of the trade volumes in India are carried through maritime transport. So, having world-class mega ports is imperative for the Indian coastline. Through concession agreements with various government authorities, APSEZ has strategically built a string of ports (pearls) across the coastline of India, along with ICDs (inland container depots) and warehouses, woven intricately with self-owned rakes, covering more than 70 per cent of the hinterland.
APSEZ has seen 4 per cent growth y-o-y at its container terminals because of its efficient infrastructure,which not only helps the country increase its trade share in global trade but also makes it easier for consumers gain access to a wide range of international products at reduced costs. Also, the lower logistics costs associated with maritime allow Indian businesses to export goods around the world,boosting domestic economy and raising the employment rate of Indians in the process.
The engagement with container lines and the resolve to deliver on commitments has led to more new services at APSEZ terminals, raising volumes.
Mundra Port shipped 1,501 fertiliser rakes in the current fiscal year with the total cargo dispatch of 4. 8 MMT the highest ever in the ports history.
This was made possible because of the ports mechanised infrastructure and operational planning. This means vessels do not have to wait longer at the port as fertilisers are removed quickly from them, followed by quicker bagging and loading onto rakes with minimum wastage.

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