Adani Ports & SEZ Ltd, India’s largest private port developer and part of the Adani Group, on November 26 signed a Memorandum of Understanding with the Belgian Port of Zeebrugge, to act as a strategic entry port for the lucrative European market, the Belgium port said in a press release.
It will now collaborate with the Belgian port to explore joint business opportunities between the two ports along with other forms of trade, shipping, railway infrastructure across India and Europe. The MoU over a period of time will help in an enhanced movement of traffic to and from APSEZ into Europe and beyond. It will also enable sharing of global best practices including technical know-how between two of the leading port developers globally.
During the visit of an important Belgian business delegation led by HRH Princess Astrid of Belgium, Representative of His Majesty the King to India, a Memorandum of Understanding was signed between the two companies in Mumbai today, to this effect, by Mr Karan Adani, Executive Director of Adani Ports& SEZ Ltd, and Mr Joachim Coens, President-CEO of the Port of Zeeburgge. The MoU was signed in the presence of HRH Princess Astrid of Belgium, Representative of His Majesty the King, HE Mr Didier Reynders, Deputy Prime Minister and Minister of Foreign Affairs, Foreign Trade & European Affairs of Belgium and HE Mr Kris Peeters, Minister-President of the Government of Flanders, Flemish Minister for Economy, Foreign Policy, Agriculture & Rural Policy.
The Belgian business delegation, consisting of more than 300 delegates from different industries and universities, is visiting New Delhi, Mumbai and Chennai this week.
The ports will support mutual development in the sectors of ports and shipping and expand their presence internationally through commercial contacts, exchanging port experts and exploring possibilities of mutual exchange of information in the fields of economy, trading, shipping, environment, transhipment, RoRo, railway and other possible industry linked fields.
The Port of Zeebrugge is a coastal port located in the middle of the Hamburg – Le Havre range, at the northern entrance of the English Channel. The centrally located port is considered as a major gateway to and from Europe in general and the United Kingdom and France in particular.
The Adani Group is one of India’s leading business houses with revenue of over $8.7 billion. Founded in 1988, Adani has grown to become a global integrated infrastructure player with businesses in key industry verticals - resources, logistics and energy. The integrated model is well adapted to the infrastructure challenges of emerging economies.
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