According to the recent evaluation for 2022, Adani Ports and Special Economic Zone (APSEZ) is ranked top globally among all Emerging Markets in the Transport & Logistics industry. Indicators, policies, procedures, and systems related to the environment, human rights, corporate governance, human resources, and community involvement were taken into consideration by the rating agency while evaluating the organization. In this article, we will cover the latest notification on Adani Ports and Special Economic Zones.
Adani Ports and Special Economic Zone receives Top Ranking
Adani Ports and Special Economic Zone (APSEZ) is rated first internationally among all Emerging Markets in the Transport & Logistics sector, according to the most current assessment by Moody's ESG Solutions for 2022. The rating agency evaluated the organization by taking into account its indicators, policies, processes, and systems in relation to the environment, human rights, corporate governance, human resources, and community involvement.
In terms of all sectors and industries, APSEZ was placed first among 59 Indian firms and ninth among 844 companies in emerging markets, reflecting its position among all other international ESG leaders. According to a press release, the company placed 97th out of 4,885 businesses evaluated by Moody's across all global industries and sectors.
What are Adani Ports and Special Economic Zones?
The Adani Group's globally diversified Adani Ports and Special Economic Zone Ltd. (APSEZ), formerly a port enterprise, is now an Integrated Transport Utility offering a full range of services from the port gate to the customer gate. With 6 strategically located ports and terminals on the west coast (Mundra, Dahej, Tuna, and Hazira in Gujarat, Mormugao in Goa, and Dighi in Maharashtra), 6 ports and terminals on the east coast of India (Dhamra in Odisha, Gangavaram, Visakhapatnam, and Krishnapatnam in Andhra Pradesh, and Kattupalli and Ennore in Tamilnadu), and 24% of the nation's total.
Additionally, the business is building two transshipment ports in Colombo, Sri Lanka, and Vizhinjam, Kerala. We are in a strong position because of our Ports to Logistics Platform, which consists of port infrastructure, integrated logistics capabilities like multimodal logistics parks, Grade A warehouses, and industrial economic zones.
India stands to gain from the upcoming restructuring of the world's supply chains. In ten years, it is our goal to have the biggest ports and logistics network on the planet. APSEZ was the first port in India and the third in the world to combine the Science-Based goals Initiative (SBTi), agreeing to emission reduction targets to preserve global warming to 1.5°Cover pre-industrial levels. APSEZ has an objective of becoming carbon neutral by 2025.
Main Purpose of Special Economic Zone
The Special Economic Zone (SEZ) policy in India initially arrived at its inception on April 1, 2000. The main goals were to increase foreign investment and create a hassle-free, competitive environment for exports on a global scale. The goal was to encourage exports from the nation while realizing that for domestic businesses and manufacturers to compete on a global scale, a level playing field must be made available to them. For the first time, an SEZ Policy was introduced in 2000 in an effort to remove obstacles faced by entrepreneurs. Know More
Before beginning an enterprise, there were several regulations and clearances that had to be secured.
- India's infrastructure facilities were poor and much below international standards.
- Additionally, the fiscal system.
- The government announced the Policy in order to entice significant international investment into the nation.
- Following extensive discussion and comment, the Special Economic Zones Act was approved by the Parliament in 2005.
- In conjunction with the SEZ Rules, the Act went into effect in 2006.
- SEZs, however, ran in India from 2000 to 2006. (Under the Foreign Trade Policy).
The Special Economic Zone (SEZ) is a precisely defined duty-free area that is treated as foreign territory for the purposes of trade activities, duties, and tariffs. In other words, a Special Economic Zone (SEZ) is a location with economic regulations distinct from those of the rest of the nation. The objective is often to increase foreign investment. Many countries, including China, India, Jordan, Poland, Kazakhstan, the Philippines, etc., have built SEZs.
So, Adani Ports and Special Economic Zone (APSEZ) is rated top internationally among all Emerging Markets in the Transport & Logistics sector. Taking into account the organization's indicators, policies, procedures, and systems in connection to the environment, human rights, corporate governance, human resources, and community involvement, the rating agency evaluated the organization. If you require any relevant information about the Import Export Data or Custom data EximPedia professionals are here to assist you. Contact info@eximpedia.app right away to obtain structured, reliable, and well-organized data.
