Adani entered the Ports & SEZ business with the set up of a large saltpan in Mundra in a partnership with Cargill. Besides, the company also managed for a loading jetty for large capacity vessels for exporting the output for this project. Mr. Gautam Adani and Mr. Rajesh Adani ensured that the project was effectively executed with required resources.
However, when this sector was opened up for 100 % FDI by the ndian Government, Cargill insisted on raising its stake to 89 %. The Adani’s did not get buckled under pressure but withdrew from the salt project. Instead, Adani stuck upon an idea to develop a full-fledged commercial port for their own and others’ use. Mr. Gautam Adani is said to be a visionary and the key businessman to make the company a leading player in logistics, & resources verticals. Mr. Rajesh Adani also ensured that the operations of the company are managed effectively.
Under the leadership of Mr. Gautam Adani and Mr. Rajesh Adani, the company shipped about 10 million tonnes of cargo annually. The firm also decided to have their own port in order to ship such a huge amount of goods.