MUMBAI: Adani Group is looking to
invest
in ports, airports, power and defence sectors in the
Philippines
. Group company
Adani Ports
has shown an interest in developing a 25-meter deep port that could accommodate Panamax vessels in Bataan.
Group chairman
Gautam Adani
’s son
Karan Adani
, also the MD of Adani Ports, disclosed the company’s plans during a courtesy call with Philippine
President Ferdinand R Marcos Jr
in Manila on Thursday.
Marcos welcomed Adani Ports’ plans and suggested it may focus on ports handling agricultural products to enable the country to compete globally. The president also said that govt is developing
gateways
for tourists and for the country’s agricultural products to be moved around affordably. If things materialise, it will be Adani Ports’ fourth deal internationally after Colombo, Australia and Israel.
