Pipavav port is all set to
handle container traffic when its private port operator APM terminal signed a
pact with Gujarat Maritime board for a container berth and a yard besides a
liquid cargo berth costing Rs 3320 crores.
Private port operator APM
Terminals Pipavav has inked two initial pacts with the Gujarat Maritime Board (GMB) and Welspun Group for port
infra development and green hydrogen ecosystem.
Under its collaboration with GMB, the company plans to investing
setting up of liquid and container berths and a yard, among others.
The Memoranda of
Understanding (MoUs) were signed at the ongoing Vibrant Gujarat Global Summit
that was inaugurated by Prime Minister Narendra
Modi in Gandhinagar on
Wednesday, according to a statement.
APM Terminals Pipavav is
committed to the community, environment and to the region. By signing path
breaking MOUs predominantly in the capital investment and green hydrogen space
at the Vibrant Gujarat Summit, we bring together all the parties required to
make this a success and reiterate our commitment to the state of Gujarat,†the
port operator’s Managing Director Girish Aggarwal said.
As part of the pact with GMB, the two partners will
facilitate necessary permissions for the construction of liquid berth,
container berth and a yard, container handling equipment, and marine infrastructure development at Pipavav Port,
estimated at the cost of Rs 3,320 crore.
This would create jobs and economic growth through infrastructure
development, the statement said. Regarding its partnership with Welspun, APM
Terminals Pipavav said the two sides will explore opportunities for the
development of green hydrogen facilities on land provided by the port.
Green hydrogen is produced
from water and renewable energy. Among
others, it can be a replacement for fossil fuels and also be a sustainable
industrial raw material.