The Port of Gangavaram will set up its first container terminal to accelerate the growth of cargo business in the hinterland of Andhra Pradesh, India and surrounding industrial hubs.
The terminal is expected to be completed by 2023.
The port said that the new terminal will increase efficiency, reduce turnaround time and logistics costs, and make the supply chain seamless for the industry.
The port aims to offer substantial advantages to the industries in the hinterland – which include metal and minerals, seafood, agriculture, chemical, pharma, and refractory amongst others.
As part of the project, the port has already received three ship to shore (STS) container cranes and nine E-rubber-tyred gantries (RTGs).
A spokesperson at Gangavaram Port said that the commissioning of the container terminal marks a strategic step in aiding the company’s plans to improve the share of cargo handled across its operations.
“Our new container terminal at Gangavaram Port will help us diversify into container cargo business as part of our strategic roadmap to achieve better cargo handling capacities in India,” they added.
“The upcoming terminal at Gangavaram Port shall also offer integrated logistics solutions to trade & industries far across the country”.