Indian Port to Invest in Capacity Rise

31 March 2010 (Last Updated March 31st, 2010 18:30)

Kakinada Seaports Limited (KSPL) will invest Rs800 crore ($178.7m) to increase its cargo handling capacity to 20 million tons, according to the port authority. KSPL chairman and managing director KV Rao said three berths will be ready in two years and the port is planning to construct six

Kakinada Seaports Limited (KSPL) will invest Rs800 crore ($178.7m) to increase its cargo handling capacity to 20 million tons, according to the port authority.

KSPL chairman and managing director KV Rao said three berths will be ready in two years and the port is planning to construct six more over the next three to four years.

In 2008-09, KSPL handled 7.8 million tons of cargo, which has increased 33.5% to 10.42 million tons in 2009-10, the authority said.

During 2010-11, the port expects to handle 13 million tons of cargo.