APM Terminals to invest ₹9,000 crore to augment infra in three ports in AP, 180 words

Amaravati

Andhra Pradesh Maritime Board has signed MoU with APM Terminals, a subsidiary of the global shipping and port management giant A.P. Moller-Maersk to give a fillip to efforts to transform the State into a logistics hub..

,With an investment of ₹9,000 crore, APM Terminals will develop infrastructure and modernize the Ramayapatnam, Machilipatnam, and Mulapeta ports. The MoU was signed in the presence of Chief Minister N. Chandrababu Naidu. The company will establish and operate modern terminals and cargo handling systems at these ports. This initiative is expected to create direct employment opportunities for about 10,000 people.

The MoU signing ceremony between APM Terminals and the AP Maritime Board was attended by Minister B.C. Janardhan Reddy, Maritime Board Chairman Damacharla Satya, Industries Department Secretary Yuvraj, senior officials, and representatives of APM Terminals.

Naidu emphasised that APM Terminals’ services should also benefit domestic cargo movement across India and suggested that an economic ecosystem should be developed around the ports. Highlighting the State's vision, the Chief Minister stated that the goal is to make Andhra Pradesh a future-ready economy through world-class ports and logistics.