Ahmedabad, June 30: Adani Ports announced on Tuesday that it has signed a definitive agreement with MSC Group. Under this agreement, MSC’s container terminal operations and investment company, Terminal Investment Limited (TIL), will invest approximately $1.4 billion for a 49% stake in Adani Vizhinjam Port Private Limited (AVPPL).
This deal is considered the largest foreign private investment in India’s port sector to date. It will also strengthen Vizhinjam Port’s position as a major transshipment hub in the Indian Ocean region.
As part of the agreement, TIL will invest around $1.397 billion in Vizhinjam Port, corresponding to its 49% stake in the port’s total valuation of $2.85 billion.
Ashwini Gupta, the full-time director and CEO of APSSEZ, stated that Vizhinjam Port has emerged as a significant transshipment hub in a short period. He noted, “Within just 18 months, Vizhinjam Port has surpassed the milestone of handling 2 million TEUs (Twenty-foot Equivalent Units) of cargo. It has become the first port in India to achieve this feat.”
He expressed happiness about the long-standing partnership with MSC now extending to Vizhinjam Port. He believes this collaboration will enhance global supply chain efficiency and strengthen India’s access to major developed and emerging global markets.
The company indicated that the deal will be finalized upon receiving regulatory approvals and other necessary clearances.
According to APSSEZ, this strategic partnership with MSC Group will bring several significant benefits. It will rapidly increase the port’s capacity due to additional cargo and enable operational expansion ahead of schedule.
Moreover, the share of cargo coming from Bangladesh will increase, which currently relies on other transshipment hubs in Southeast Asia. The company’s presence on trade routes in East Africa will also be strengthened, leading to a rise in relay cargo volumes.
Terminal Investment Limited (TIL) is one of the world’s largest container terminal operating companies and is part of the MSC Group. It operates a network of over 100 container terminals across five continents and handles more than 70 million TEUs of cargo annually.
Launched in December 2024, Vizhinjam Port is India’s first deep-draft mega transshipment port, with a current capacity of 1.6 million TEUs.
The company reported that expansion work at the port is ongoing, and by December 2028, its capacity is expected to increase by 3.5 times to 5.7 million TEUs.
The port’s most significant feature is its strategic location, situated just 10 nautical miles from a major east-west shipping route connecting Europe, the Gulf, and the Far East.
During the fiscal year 2025-26, Vizhinjam Port handled 1.3 million TEUs of cargo and managed 615 ships. It has also become the fastest port in India to surpass the 1 million TEU mark in its first year.
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