India’s Adani Ports removed from S&P Dow Jones Indices due to Myanmar military ties

India’s Adani Ports removed from S&P Dow Jones Indices due to Myanmar military ties

Mizzima

S&P Dow Jones Indices said it has removed India’s Adani Ports and Special Economic Zone Ltd from its sustainability index due to the firm’s business ties with Myanmar’s military, Reuters reported.

India’s largest private multi-port operator is building a $290 million port in Yangon on land leased from the military-backed Myanmar Economic Corporation (MEC).

It will be removed from the index prior to the open on Thursday, April 15, it said in a statement on Tuesday.