Gujarat Pipavav Port Limited (APM Terminals Pipavav) has signed a non-binding Memorandum of Understanding (MoU) with the Gujarat Maritime Board (GMB) to invest Rs 17,000 crore in future expansion and capacity enhancement projects at Pipavav Port. The proposed plan is contingent upon a long-term extension of the company’s current concession, which is valid until September 2028.
Investment and Expansion Details
The proposed Rs 17,000 crore investment aims to significantly expand Pipavav Port’s infrastructure capabilities, including:
- Increased capacity for containers, liquid cargo, and RoRo (roll-on/roll-off) operations.
- Expanded storage and rail siding facilities to improve cargo handling efficiency.
- Installation of specialised port equipment and deeper waterfront infrastructure to handle larger vessels.
- Development of best-in-class multimodal connectivity through ocean, rail, and road transit systems catering to India’s northwest corridor.
These initiatives are designed to strengthen Pipavav’s position as a major logistics and maritime hub, complementing Gujarat’s role in India’s port-led economic growth strategy.
Strategic Importance
The MoU underlines the company’s long-term commitment to enhancing its operational scale and aligning with India’s maritime development goals. Once implemented, the project is expected to increase trade throughput, reduce logistical bottlenecks, and support the region’s growing industrial base.
The port’s strategic location along India’s western coast makes it a critical gateway for global trade, particularly for northern and western India’s import and export operations.
Company Statement
In its filing, the company said the agreement “is for information and records and is also being made available on the company’s website,” confirming that all updates will follow standard regulatory disclosures.
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