APM Terminals, part of the AP Moller – Maersk Group, has signed a Memorandum of Understanding (MoU) The Government of Andhra Pradesh, through the Andhra Pradesh Maritime Board (APMB), to accelerate port and terminal development in the state, reports the Seatrade Maritime News.
The signing, held in the presence of the Chief Minister of Andhra Pradesh and to ensure effective follow-through, a joint Working Committee with APM Terminals and APMB will be formed by Q3 2025.
Deal for modern port infrastructure
APM Terminals has expressed its intent, as part of the MoU, to invest $1 billion to support Andhra Pradesh in developing modernised ports and terminals. Andhra Pradesh Chief minister N Chandrababu Naidu has committed to developing marine infrastructure such as ports, to create a dense maritime network that can support inter-national trade and empower coastal communities. Currently, the state has 5 operational non-major ports and 4 green field ports which will be operational by 2026.
APM Terminals has been present in India since 2004 and operates two key assets: Gujarat Pipavav Port Limited, located at Amreli District of Gujarat, and Gateway Terminals India, located at the JNPA Port in Maharashtra, which is the largest container facility in India.
The core focus of the MoU will be on the establishment of state-of-the-art terminals, the development and modernisation of ports to international standards.
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Source: Seatrade Maritime News
