Indian port developer eyes Bataan

Philippine Standard Time:

Indian port developer eyes Bataan

An Indian commercial port operator is investing in the Philippines and is particularly zeroing in on Bataan peninsula. Officials of Adani Ports and Special Economic Zone (APSEZ) Limited led by Karan Adani recently met with President Marcos in Malacanang to discuss investment plans.

Based on a story published in the Philippine Daily Inquirer on Saturday (May 4, 2024), in a meeting with officials of India‚Äôs largest commercial port operator, PBBM stressed the importance of ‚Äúsynergy between the public and the private sectors as the government opens the country‚Äôs economy.‚ÄĚ In a statement last Friday, Adani said he is planning to invest in the Philippines particularly in Bataan for its port development plan. The company‚Äôs officials told President Marcos that investing in the Philippines could be a good opportunity for the company which has business and investments in energy, ports and logistics, mining and resources, gas, defense, aerospace and airports.

Adani is planning to develop a 25-meter deep port that can accommodate Panamax vessels. The Adani Group is also planning to invest in ports, airports, power and defense. ‚ÄúAs a private sector, what we always look for is stability. Stability in the regulation, stability in the environment that we are operating in. That is what, as you said, you are providing,‚ÄĚ Adani said during his courtesy call on Pres. Marcos on Thursday afternoon last week.

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