Business Today
BusinessToday.In June 23, 2021
Adani Ports, which is India's largest port operator, has been facing criticism from various international investors over its plan to construct a container terminal in Yangon, Myanmar, on land leased from a Myanmar military-owned conglomerate.
Adani Ports and Special Economic Zone Limited has said it'll abandon its project in Myanmar and write-down its investments in full if the country is classified as a sanctioned country by the US. Adani Ports' statement comes following reports that Norwegian pension fund KLP is divesting its stake in the company as its links with Myanmar military breaches the fund's responsible investment policy.
