Global shipping leader AP Moller Maersk plans to invest USD five billion in India's ports, terminals, and landside infrastructure, focusing on Pipavav Terminal expansion, Vadhavan Port development, and logistics.
Half of the investment will be directed towards Pipavav Terminal and logistics. CEO of APM Terminals, Keith Svendsen, stated, "As a group, we believe we can reduce logistics costs by ensuring that customers access their entire supply chain needs in one place—from all modes of transportation to port handling, warehousing, and distribution."
Last year, the company signed an MoU with the Jawaharlal Nehru Port Authority (JNPA) for a container terminal at the upcoming Vadhavan mega port in Maharashtra. Maersk has earmarked funds for the project, pending the bidding process. "We are keen to invest and compete for its (Vadhavan terminal's) development. Additionally, we aim to upgrade our Pipavav terminal by dredging to accommodate larger ships and ensuring it is future-ready for India's trade growth. These two projects are our key focus areas beyond our regular business operations," the CEO added.
Maersk is also expanding warehousing and supply chain services for Indian and international customers.