Adani Ports & SEZ Ltd has partnered with France's CMA CGM Group to invest Rs.2,100 crore to develop a new container terminal at Mundra port. The proposed terminal will add 30% to Mundra's capacity, making it the largest container port in the country when commissioned two years from now.
The 50:50 joint venture is the first port investment in India for CMA CGM. Farid T Salem, executive officer of CMA CGM Group, said, “CMA CGM and Adani Ports will develop a state-of-the-art infrastructure that will play a key role for the development of the country's industry. CMA CGM has strong ambitions in India.“
The 50:50 joint venture is the first port investment in India for CMA CGM. Farid T Salem, executive officer of CMA CGM Group, said, “CMA CGM and Adani Ports will develop a state-of-the-art infrastructure that will play a key role for the development of the country's industry. CMA CGM has strong ambitions in India.“
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