The Adani Port and Special Economic Zone (APSEZ),which operates the largest private multi-commodity port at Mundra,has tied up with one of the top ports in the US the Port of Baltimore. The tie up will help APSEZ gain access to the US port technology.
With this MoU,Mundra and other Adani group-owned ports shall benefit in terms of technology upgradation or transfer from the US,which has been a leader in this sphere, said APSEZ director Malay Mahadevia.
A memorandum of understanding (MoU) was signed APSEZ director Malay Mahadevia and Port of Baltimore director Maritime Commercial Management Michael W Miller on Wednesday at the Adani House in the city,where top officials from both the ports were present.
US Undersecretary of Commerce for International Trade Francisco J Sánchez,who is currently leading the Ports and Maritime Technology Trade Mission to India,was also present.
The tie up will also facilitate trade between Adani group-owned ports and Baltimore as the bilateral trade between the two countries grows, said Mahadevia.
APSEZ was originally incorporated as Gujarat Adani Port Ltd in 1998,which commenced commercial operations in October 2001. Apart from the port at Mundra,it operates ports at Dahej and at Abbot Point in Australia.
The company is also developing ports at Hazira,Mormugao and Visakhapatnam.
The Port of Baltimore is ranked as the top port (for the first 11 months of 2011) among 360 US ports for handling farm and construction machinery,autos,trucks,
imported forest products,imported sugar and imported gypsum.