MUMBAI (TIP): Adani Ports & SEZ Ltd (APSEZ), India‘s largest private port developer, signed a memorandum of understanding (MoU) with the Belgian Port of Zeebrugge on November 27 to get access to European markets. “The MoU over a period of time will help in an enhanced movement of traffic to and from APSEZ into Europe and beyond,” Adani Ports said in a statement.

Adani Ports will explore joint business opportunities between the two ports along with other forms of trade, shipping, railway infrastructure across India and Europe, the statement added. Karan Adani, Executive Director, said Adani Ports was keen to jointly explore marketing initiatives and strategies to promote Indo-European trade relations across both the ports via shipping lines.