Global shipping giant AP Moller Maersk has announced plans to invest USD five billion in India’s port and terminal infrastructure. This investment will focus on expanding the Pipavav Terminal, developing the Vadhavan Port, and enhancing logistics capabilities across the country.
Approximately 50% of this investment will be allocated to the expansion of the Pipavav Terminal and logistics services. Keith Svendsen, CEO of APM Terminals, shared, “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, Maersk signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) for a container terminal at the upcoming Vadhavan Port in Maharashtra. The company has already set aside funds for the project, with the bidding process still underway. “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,” Svendsen added.
In addition to these projects, Maersk is also focusing on expanding its warehousing and supply chain services to better cater to both Indian and international customers.
With this significant investment, Maersk aims to strengthen India’s position as a key player in global trade by enhancing port infrastructure, improving logistics efficiency, and preparing for the country’s growing trade needs.
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