Adani takes over Haifa Port for $1.15 bn, promises to invest more in Israel

Dwells on host of key partnerships in Jewish nation, such as Elbit Systems, Israel Weapon Systems, and Israel Innovation Authority; vows to change Haifa skyline with latest deal

Even as investment bankers back home were busy selling the Rs 20,000 crore follow-on public offer of Adani Enterprises on Tuesday, Gautam Adani, Chairman of the Adani group, took over Haifa Port in Israel in the presence of Israel Prime Minister, Benjamin Netanyahu.

Addressing a gathering of top politicians and Indian officials at the handover ceremony, Adani said the group has struck many critical partnerships in Israel that include Elbit Systems, Israel Weapon Systems, and Israel Innovation Authority. "We have initiated several dozen technology relationships wherein we have offered the entire Adani portfolio of companies to be a giant sandbox