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Adani Group, led by India's largest business tycoon Gautam Adani, is going to take a huge step to further strengthen its hold in the logistics and port sector. The company has officially announced the launch of a dedicated 'Empty Container Yard' and integrated warehousing facility within the country's largest commercial port i.e. Mundra Port and Special Economic Zone (SEZ) in Gujarat. The main objective of this strategic initiative is to promote the import-export sector of the country and completely streamline container management. As soon as this big business announcement came out, there has been a tremendous rise in the shares of Adani Ports in the stock market. What is Adani's new 'Empty Container' scheme at Mundra Port? The entire lifecycle of containers will be managed in this new dedicated empty container yard being started by Adani Ports and Special Economic Zone Limited (APSEZ). In this, all premium services like storage, maintenance, repairing, and inspection will be available under one roof. At present, Mundra Port is the only major hub which alone handles about 35 per cent of India's total container trade. Around 1.6 million TEUs (TUS) of empty containers are handled here every year. The opening of this new yard will provide world-class and seamless services to shipping lines and global customers. The entire logistics model is based on global standards. Elaborating about this project, APSEZ Chief Executive Officer (CEO) Ashwani Gupta said that the construction of this dedicated yard inside Mundra Port will unprecedentedly improve the efficiency of the entire container ecosystem. This model, designed on the lines of other major global ports of the world like Dubai's Jebel Ali Port, will drastically reduce the unnecessary movement of trucks and containers. Apart from this, traffic congestion in the port area will be reduced and the overall cost of logistics will also be reduced significantly. Better coordination between customs officials, shipping lines and transporters will also speed up the turnaround time of ships. 'Ambition 2031' vision and impact on shares This initiative of Adani Group is part of the company's long-term roadmap to significantly increase the total container handling capacity of the port network by more than 6 million TEU in the next five years. With the launch of this strategic and value-added business plan in the market, investors' confidence in Adani Group has further strengthened. During early trading, shares of Adani Ports and Special Economic Zone Limited were seen trading in the green on BSE with a gain of about 1 to 2 percent. Experts believe that this expansion of infrastructure will further strengthen Adani Group's dominance in the logistics market.