Adani eyes port in Vietnam to tap trade opportunities

Billionaire Gautam Adani's company, Adani Ports, plans to build a new port in Da Nang, Vietnam, after receiving initial approval from the Vietnamese government. This project aims to enhance trade infrastructure with container terminals and versatile berths for various cargoes. Adani Ports, already operating in Israel, Sri Lanka, and Tanzania, seeks to boost India's maritime role. With ambitions to increase international operations from 5% to 10% by 2030, they target regions like the Middle East, Southeast Asia, and East Africa for expansion.
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