APM Terminals, part of the Danish shipping giant A.P. Moller-Maersk Group, has signed a memorandum of understanding with the government of Andhra Pradesh in India, through the Andhra Pradesh Maritime Board (APMB), to accelerate port and terminal development in the state.
As informed, the core focus of the MoU will be on the establishment of terminals and the development and modernization of ports to international standards.
The scope will extend to fostering sustainable and green port operations by deploying low-emission technologies, energy-efficient cargo handling systems, and ESG-compliant practices, ensuring that Andhra Pradesh benefits fully from international best practices and long-term technical support.
APM Terminals has expressed its intent, as part of the MoU, to invest US$1bn (around ₹85bn) to support Andhra Pradesh in developing modernized ports and terminals.
This proposed investment is expected to generate 8,000 to 10,000 direct and indirect jobs.
To ensure effective follow-through, a joint Working Committee with APM Terminals and APMB will be formed by the third quarter of 2025.
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.
The chief minister N Chandrababu Naidu has committed to developing marine infrastructure such as ports, fishing harbours and fish landing centres at every 50 kms of the state’s 1053 km of coastline 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.
