APM Terminals Pipavav declared most efficient Indian Port for the second consecutive year

• APM Terminals Pipavav was ranked top among Indian ports and 30th globally in Global Container Port Performance Index (CPPI) ranking

• The CPPI ranking is developed by the World Bank and S&P Global Market Intelligence

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The CPPI serves as a comprehensive benchmark that assesses container port performance worldwide, providing valuable insights to industry stakeholders, including National Governments, port authorities, operators, development agencies, trade,andlogisticsentities.

APM Terminals Pipavav stands out for its customercentric approach, streamlined Export Import processes, and unwavering focus on productivityandsafety.Thesedistinctivequalitieshave contributed to the port's exceptional performance and reputation.

Mr. Girish Aggarwal, Managing Director of APM Terminals Pipavav, expressed his delight with the port's ranking and performance, stating, "Being recognized as India's most efficient port underscores our commitment to serve our customers andofferthemsuperiorexperiencethroughourrobust infrastructure, excellent connectivity via rail & road and catering customers' dynamic supply chain needs through our agile yet safe operations. We extend our heartfelt gratitude to our valued customers and partners for their continued trust in our services and infrastructure.Theirtrustfuelsourdrivetocontinually surpass expectations and provide seamless trade experiences."

APMTerminalsPipavavhada remarkable year in 2022-23, marked by significant achievements and contributions tothedevelopmentofIndia'sport sector.Theportplayedavitalrole in strengthening the country's infrastructure and reducing logistics costs through its connection to the Dedicated Freight Corridor (DFC) and provision of electrified double stack trains for cargo movement. APM Terminals Pipavav demonstrated its customer-centricity and infrastructure capabilities by securing new services and partnerships, such as the 'Shaheen Express' and JADE Express, further enhancing itsconnectivityandtransshipmenthubstatus.

Sustainability remained a top priority, with APM Terminals Pipavav committing to become net-zero by 2040 and reducing emissionsby 70% by 2030. The port's dedication to sustainability was evident through its solar power initiatives, such as the commissioned 1,000 kWp solarpowerplant,resultinginsignificantcarbonfootprint reduction. APM Terminals Pipavav continued to expand its services, catering to exporters and facilitating the shipments of agricultural commodities, while also partnering with Contrans to develop a state-of-the-art multi-modalparkandwarehousingfacilities.