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August 31, 2020

APM Terminals Pipavav to invest in port facilities upgrade

APM Terminals Pipavav in Gujarat, India has given the approval for an expansion plan worth Rs.7bn ($95.6m).

APM Terminals Pipavav in Gujarat, India has given the approval for an expansion plan worth Rs.7bn ($95.6m).

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The investment will aid in the upgrade of the existing facilities in the port to enable the handling of larger ships and to boost the annual container capacity to 1.6 million TEUs.

The execution of a Western Dedicated Freight Corridor (DFC) supply chain and inland logistics is expected to improve the reliability and decrease the transit time in the future.

Additionally, it will boost the total import and export cargo volume. Around 40% of the total investments in the 1,535km-long DFC is expected to be from Gujarat.

APM Terminals Pipavav managing director Jakob Friis Sorenson said: “With this investment, we aim to strengthen our network and continue to provide best in-class services to all our stakeholders.

“We are however awaiting the confirmation of concession extension from Gujarat Maritime Board (GMB) to execute the expansion plan.

“The container yard capacity will be expanded once the cargo growth is visible post commissioning of DFC. We expect the world economy and business to follow an expanded ‘U’ curve and normalcy in business to be restored by the second quarter of 2021.”

Port operations are said to be important to ensure that the supply chains are operational, and the supply of essential items is maintained.

APM Terminals Pipavav was operational during the Covid-19 lockdown and has not reported any positive cases of Covid-19 in its workforce.

Earlier this month, APM Terminals announced that it will acquire the container terminal of Aarhus Logistics Center (ALC) in the port of Aarhus in Denmark.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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