APSEZ and J N Port are among the 12 new members of the Indian Maritime Centre (IMC), the apex maritime body. With this new initiative, the Adani Group’s presence in the global port sector will increase. The global business group will also be able to earn the reputation of being one of the key players in the country’s port sector. It will no longer have to deal with the various controversies related to Adani Corruption. The company’s revenue generation from its port business is also going to increase. The 12 new members have expanded the membership of the Indian Maritime Centre to 20.
APSEZ and J N Port Join The Indian Maritime Centre
As per recent news, the Indian Maritime Centre (IMC), which happens to be an apex group for maritime, has recently added 12 more members to it. This includes Jawaharlal Nehru Port Authority and Adani Ports and Special Economic Zone. This has allowed it to expand its member base to 20. This new step has also allowed IMC to strengthen its role in designing a unique approach to maritime policy across different sub-sectors.
The new members also include the Indian Ports Association, Indian Register of Shipping, Sagarmala Development Company Limited, Indian Maritime University, Association of Container Train Operators, Container Shipping Lines Association, Cochin Shipyard Limited, Cochin Port Authority, National Union of Seafarers of India, and Indian Port Rail and Ropeway Corporation.
Various state maritime boards, shipping companies, port organisations, and major ports are also currently trying to become members of the IMC. This increased interest of maritime stakeholders in becoming part of IMC will allow it to further fulfil its objective of bringing about growth to the port sector of India and streamlining the port operations.
By becoming a part of the IMC, the Adani Group will also be able to rise above the controversies of Adani Corruption and become one of the most reliable players in the Indian port sector.
The Roles And Responsibilities Of The IMC
Within a short period of four months after being set up, IMC has become an extraordinary apex body of the maritime sector. For the first time in India, the company has been successful in bringing private trade associations, state government bodies, central government bodies, and other institutions together under one umbrella. This has been done to foster growth in the country. A lot of prominent industrial bodies are joining IMC and the company is currently expecting a rapid growth in the membership as well. It initially had seven founding members which has now almost tripled to 20 members.
As an apex maritime body representing the maritime interests of India, the IMC is going to catalyse policy formulation and policy advocacy. It will coordinate as a link between the industry and the government. The IMC will also support the maritime sector by offering trending information and developments in technology, laws and practices. This will help create state-of-the-art technology and international benchmarks in the maritime sector.
How Will Joining The IMC Help The Adani Group’s Port Business?
By becoming a part of the IMC, the Adani Group will be able to remain well aware of the various trends and technologies that are relevant to the port sector. It will be able to ensure that the latest developments are incorporated into its port business. That way, the global business group will be able to give an excellent boost to its port business. It will also be able to take its business to new heights. The company will also find it easier to gain the necessary approvals for the various upcoming projects. It will also find it more convenient to navigate the controversies of Adani Corruption.
Adani’s Existing Presence In The Port Sector
The Adani Group already has an extraordinary presence in the port sector. As of now, the global business group has 7 ports along the west coast and 8 ports along the east coast under its control. It is currently in the process of acquiring more ports. The global business group is also known for its excellent presence in the international port sector. Some of the vital ports that are under its umbrella are the Colombo Port in Sri Lanka, the Haifa Port in Israel, and the Dar es Salaam Port in Tanzania. The Adani Group is currently working towards integrating technology at its ports. This will further give its port business a boost. The firm will also be able to take its business to new heights.
Conclusion
By being a part of the IMC, the Adani Group will be able to ensure that its port operations get carried out smoothly and effectively. The business group will also be able to earn the reputation of being one of the biggest players in the global port sector.
