The silent rise of India’s private ports
In August 2020, Karan Adani, chief executive officer of Adani Ports and Special Economic Zone (APSEZ) and scion to the Adani group, informed stock analysts on an earnings call that his flagship port Mundra, in the gulf of Kutch had become the busiest port in the country.
After nipping at the heels of its closest competitor for container traffic, JNPT (Jawaharlal Nehru Port Trust) at Navi Mumbai, for the last few years, Mundra finally pulled ahead in the first quarter of FY21, staging a faster recovery from the covid slump than the central government controlled JNPT could.
The False Promise of âSecond Lifeâ Coal
âSecond lifeâ coal proposals are high emission proposals and usually have an associated high water use intensity. These proposals also lack scientific or economic proof of success.
A worker carries coal in a basket in a industrial area in Mumbai, May 31, 2017. Photo: Reuters/Shailesh Andrade/Files
Government18/Jan/2021
Home Minister Amit Shahâs recent statement that India will likely invest Rs 4 trillion ($55 billion) in expanding new and existing coal mines, some of which may go into speculative, domestic âclean coalâ projects over the next decade to create a hope for âsecond lifeâ is, in our view, entirely inconsistent with the countryâs policy direction and ignores the lack of proof of economic viability.