VISAKHAPATNAM: Visakhapatnam Port Trust (VPT) which turned 86 on 7th October, is acclaimed as the Eastern Gateway of India. It has now drawn up a vision to become the most-preferred Port in South Asia offering services of global standards and world-class logistics solutions.
Massive capacity expansion and modernisation plans are being implemented in a mission-mode in line with Visakhapatnam Port's growing strategic importance to trade with China, Australia, Indonesia, Singapore, Malaysia, South Africa, Nigeria and countries in the Persian Gulf.
"Visakhapatnam Port, one of the 12 Major Ports of the Country, has a strategic importance since it serves major economic sectors like steel, power, petroleum, mining and fertilisers.
We play a pivotal role in the economic development of the hinterland, catering to major industries.
We now aim to further this by becoming the most-preferred port in South Asia that offers world-class logistics solutions at minimal cost to stakeholders," VPT Chairman M. T. Krishna Babu said.
He said VPT transformed into a mega port, capable of handling all types of cargos, from raw materials to finished products, facilitating large-scale employment and higher standards of living.
"We now have the capacity to handle 120 million tonnes of cargo, which will be increased to 135 MT in the next one and a half years. VPT is also ranked, by the Union Ministry of Commerce, as the number one port in the Country in export of marine products.
"We had, in fact, taken up 15 capacity addition projects with a total investment of Rs 3,151 crore of which 11 were completed. The remaining four are in progress. Mechanised coal handling facility with a capacity of 6.41 million tonnes per annum, construction of Multi-Cargo Terminal with a capacity of 2.09 MTPA, upgradation of iron ore handling facility in the outer harbour are some of the major works that have been completed," the Chairman explained.