ADANI-RUN Port of Mundra is eyeing more market share after overtaking Mumbai's Jawaharlal Nehru Port Trust (JNPT) as India's biggest container gateway, reports London's Loadstar.
The Port of Mundra overtook JNPT in the first quarter of last year, after handling 970,940 TEU, compared to JNPT's 847,844 TEU.
The Port of Mundra latest acquisition is a US$1.4 billion redevelopment of Dighi Port in Maharashtra. Mundra Port saw a 17 per cent volume decline and JNTP saw a 35 per cent volume decline.
Mundra beat JNPT in the second and third quarters, ending December with 1.59 million TEU.
"JNPT was the only good available option for customers based in northern, central and western India in earlier times, but this is no longer the case," said Conbox Logistics CEO Rakesh Pandit.
"Mundra is preferred by customers, as the FOB cost of shipments is lower, especially if the customer is based in central or northern India. Since Mundra is privately run, there are no labour issues, whereas Nhava Sheva and other government-run ports are prone to these and local political issues," said Mr Pandit.
The port handled five million TEU in 2020, with further capacity on the way.
"This is Adani's first port in Maharashtra. It will give it a foothold to serve industries there, one of the major industrial and export states of India. It's a long-term investment and will play important role in Adani's growth," said Mr Pandit.
"Adani is also very close to the current central government, so may even try to acquire a stake in other state-run ports, especially when government is looking to raise funds through the sale of owned companies," Mr Pandit said.
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