There are two ports that we have there. Haifa is a valuable strategic asset. From our perspective, the fact that we are providing it to an Indian firm signifies a strong level of confidence in entrusting Indian enterprises with your key assets.
The ambassador’s remarks came in the wake of damaging claims made by a US short seller has caused a sell-off on the stock market for Adani Group entities. Source: NDTVPorts are the Adani Group’s main source of revenue. They have the capacity to transform Haifa Port into what it needs to be and use it to boost trade between Israel and India. We are overjoyed about this, he continued.
The Adani Group purchased the important Israeli port of Haifa for $1.2 billion last month and promised to change the appearance of this Mediterranean city as part of its intention to invest further in the Jewish state, including by establishing an AI research facility in Tel Aviv.
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According to Israel’s ambassador to India, Adani paid the whole $1.2 billion to purchase the Haifa port.
By tirupatinews
