Gangavaram Port, situated in Andhra Pradesh, India, is set to construct its first container terminal.
Scheduled to commence operations next year, the new terminal is anticipated to drive growth in the cargo business in Andhra Pradesh and surrounding industrial hubs.
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It is also expected to reduce turnaround time and logistics expenses, enhance efficiency, and help make industry supply chains seamless.
The port will use the new terminal to serve several industries, including metal and minerals, ferroalloy, finished/processed steel, aluminium, seafood, agricultural, chemical, pharma, and refractory.
Furthermore, the terminal will deliver integrated logistics solutions to trade and industries across the country.
Three ship-to-shore (STS) cranes and nine electrified rubber-tired gantries (E-RTGs) have already reached the project site.
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By GlobalDataA Gangavaram Port spokesperson was quoted by The New Indian Express as saying: “Our new container terminal will help us diversify into container cargo business as part of our strategic roadmap to achieve better cargo handling capacities in India.
“The terminal will also help us achieve an optimal cargo mix to steadily increase the share of container cargo business in our portfolio.”
Last May, Adani Ports and Special Economic Zones (APSEZ) announced the acquisition of a 31.5% interest in Gangavaram Port from Windy Lakeside Investment for Rs19.54bn ($268m).
Gangavaram Port has a 64MMT capacity and is said to be the second-largest non-major port in Andhra Pradesh.
