Business

Adani Ports Starts Operations At Colombo West Terminal; Promises Jobs And Growth

Adani Ports and Special Economic Zone Ltd (APSEZ) has started operations at the Colombo West International Terminal (CWIT) in Sri Lanka.

The terminal is part of a major $800 million investment aimed at boosting regional trade and creating local jobs.

Karan Adani, Managing Director of APSEZ, shared the news on Monday. He said the terminal will create thousands of jobs and strengthen Sri Lanka’s position as a key transshipment hub in South Asia.

“The opening of CWIT is a proud moment for Sri Lanka,” he said on X.

The terminal features a 1,400-metre quay and 20-metre depth. It can handle up to 3.2 million TEUs per year.

It is also Colombo Port’s first fully-automated deep-water terminal. This will improve cargo handling and speed up vessel turnaround.

A consortium operates CWIT under a 35-year Build, Operate, and Transfer (BOT) agreement.

The group includes Adani Ports, John Keells Holdings PLC, and the Sri Lanka Ports Authority.

Adani Ports also reported strong growth in FY 2024–25. It handled 450 million metric tonnes (MMT) of cargo, up 7% from last year.

Its flagship port, Mundra, handled over 200 MMT in a year, a first for any Indian port.

Karan Adani also outlined future goals.

APSEZ wants to become the world’s largest port operator by 2030. It aims to achieve carbon neutrality by 2025 and net-zero emissions by 2040.

The CWIT project will boost Sri Lanka’s economy. It also strengthens India’s presence in the Indian Ocean region.

Also Read: Govt Hikes Excise Duty On Petrol, Diesel By ₹2/Litre Amid Global Price Dip

Bharat Express English

Recent Posts

Fitness Coach Raj Ganpath Reveals Simple Way To Meet Daily Protein Goals Without Stress

Fitness coach Raj Ganpath shares an easy way to meet daily protein goals by reducing…

14 hours ago

PM Modi Receives Grand Welcome In Varanasi Ahead Of Flagging Off Four New Vande Bharat Trains

PM Modi arrives in Varanasi to a grand welcome ahead of launching four new Vande…

15 hours ago

Tributes Paid To Late Rajesh Rai In Ghazipur’s Sherpur Kala

Leaders, journalists, and community members pay heartfelt tributes to late social worker Rajesh Rai, elder…

15 hours ago

PM Modi Claims Grand Alliance Has ‘Lost Steam’ After First Phase Of Bihar Polls

Prime Minister Narendra Modi targets the RJD-Congress alliance during the Bihar polls, claiming the Grand…

16 hours ago

PIB Warns Against Fake Video Claiming Nirmala Sitharaman Endorsed ₹21,000 Investment Scheme

PIB Fact Check debunks a fake video claiming Finance Minister Nirmala Sitharaman endorsed a ₹21,000…

17 hours ago

Google’s AI Can Now Book Your Concert Tickets And Dinner Reservations For You

Google’s upgraded AI Mode now lets users book event tickets and restaurant tables directly through…

17 hours ago