Gautam Adani Reflects on the Bold Beginnings of Mundra Port
‘No one in their right mind’: Gautam Adani recalls Mundra Port’s early days
The Economic Times
Image: The Economic Times
Gautam Adani, Chairman of Adani Group, reminisced about the early challenges faced while developing Mundra Port in Gujarat, India. He highlighted the project's evolution from a risky venture in the 1990s to achieving over 500 million tonnes of cargo handled by Adani Ports and Special Economic Zone (APSEZ) in just 28 years.
- 01Mundra Port's development began in the 1990s amid significant challenges.
- 02Adani shared personal anecdotes from his journey to Mundra, emphasizing youthful optimism.
- 03APSEZ achieved a remarkable increase in cargo from 100 million tonnes to 500 million tonnes in just 12 years.
- 04The port's success has been pivotal in establishing the Adani Group as a leader in Indian infrastructure.
- 05Adani's reflections underscore the importance of taking risks and believing in ambitious projects.
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Gautam Adani, Chairman of the Adani Group, reflected on the early days of Mundra Port during a recent event celebrating Adani Ports and Special Economic Zone (APSEZ) surpassing 500 million tonnes of cargo. He recounted a memorable journey from Ahmedabad to Mundra in the 1990s, emphasizing the lack of infrastructure and the daunting nature of the project at the time. Adani described how he and Malay Mahadevia drove through the night to reach Mundra, a site that seemed more like a barren landscape than a future port. This experience, he noted, exemplified their youthful optimism and willingness to take risks, which ultimately led to the project's success. The growth trajectory of APSEZ has been impressive, with the first 100 million metric tonnes achieved in 16 years, followed by a rapid increase to 500 million tonnes in just 12 years, marking a significant milestone in the Adani Group's development as a cornerstone of Indian infrastructure.
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The successful growth of Mundra Port has significant implications for local economies, enhancing trade and logistics capabilities in Gujarat, India.
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