Adani Ports and Special Economic Zone Ltd. (APSEZ) and the MSC Group have significantly expanded their long-standing partnership through a definitive agreement under which MSC's container terminal business, Terminal Investment Limited (TiL), will acquire a 49% stake in Adani Vizhinjam Port Private Limited (AVPPL). The transaction values the port at an enterprise value of USD 2.85 billion, with TiL investing approximately USD 1.397 billion for its stake. The deal remains subject to customary regulatory and other approvals. 

The agreement represents the third major collaboration between APSEZ and MSC in India, following their successful joint ventures at Mundra's Container Terminal No. 3 and the Ennore Container Terminal. By extending their partnership to Vizhinjam, both companies aim to leverage their complementary strengths—APSEZ's port infrastructure and operational expertise, together with MSC's position as the world's largest container shipping and logistics group—to establish Vizhinjam as one of the leading transshipment hubs in the Indian Ocean region. Vizhinjam International Seaport has emerged as one of India's fastest-growing container ports since commencing operations. Designed as India's first deep-water transshipment port, it currently has an annual handling capacity of 1.6 million twenty-foot equivalent units (TEUs). An ongoing expansion project will increase this capacity by approximately 3.5 times to 5.7 million TEUs, enabling the port to accommodate growing international cargo volumes and larger container vessels. 

The strategic investment is expected to provide APSEZ with several operational and commercial benefits. With MSC expected to route additional cargo through Vizhinjam, the port will enjoy greater volume visibility and faster traffic ramp-up. The partnership is also likely to strengthen the port's role in handling Bangladesh-bound cargo, expand its presence on East African trade routes, and increase relay cargo volumes. These advantages are expected to enhance Vizhinjam's competitiveness against established transshipment hubs in Southeast Asia and the Middle East. APSEZ stated that Vizhinjam has achieved several milestones in a short period, including becoming the first Indian port to handle more than 2 million TEUs within just 18 months of operations. The port has also received a growing number of ultra-large container vessels, demonstrating its capability to handle some of the world's largest ships. With TiL's investment and MSC's cargo commitments, APSEZ expects Vizhinjam to accelerate its growth trajectory and strengthen India's position as a global maritime and transshipment hub.