APM Terminals Pipavav to set up New Liquid Berth at an investment of US $ 90 million

• The new berth will have a capacity of handling 3.2 MMT of Liquid Bulk adding to the exisng capacity of 2 MMT

• It’s a commitment to strengthen the naon's logiscs infrastructure and invest in the future of the country

• New liquid berth capex is subject to necessary regulatory and other approvals

PIPAVAV: APM Terminals

Pipavav, one of the leading gateway ports located in western India, will set up a new liquidberthatthePortataninvestmentofaroundUS$90 million. Currently, the port has the capacity to handle 2 MMT of liquid bulk. With the new berth, the liquid bulk handling capacity of the port will increase to 5.2 MMT. Thecapexannouncedisinlinewiththeport’sobjectiveof contributing to the growth of India's logistics infrastructure, bolstering connectivity to the northwest hinterlands,andbetterservethecustomersbyproviding end-to-endsolutions.Thesettingupofthenewberthwill besubjecttonecessaryregulatoryandotherapprovals.

Commenting on the new capex plan, Mr Girish Aggarwal, Managing Director - APM Terminals Pipavav said, “This investment strengthens our commitment to provide world-class facilities and services to our customers. This expansion is expected to have a positive impact on the economy of the state of

Gujaratbyboostingtradeandcommerce.Itisalsoaclear demonstration of our unwavering dedication to enhancingthelogisticsinfrastructureofourcountryand supporting the Prime Minister’s vision of reducing the costoflogisticsinthecountry.”

Hefurtheradded,“AstheDedicatedFreightCorridor (DFC) becomes operational and the government emphasizes the use of railways for cargo transportation, APM Terminals Pipavav is well-positioned to solve customers’ needs for sustainable, quicker, and costefficientmovementofgoodsfromourport.”

The Port’s LPG handling capacity expansion comes at a time when the country’s households are moving to LPG following the success of PM’s flagship program ‘Pradhan Mantri Ujjwala Yojana (PMUY). The LPG consumer base has increased substantially overthepastfewyears.APMTerminalsPipavavisoneof the few ports in India that has LPG rail siding within the port that can accommodate full train carrying approx. 1200MTofLPGcargo.

M. Angamuthu appointed as Chairperson of Visakhapatnam Port

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S. Viswanathan, IAS appointed as Dy. Chairperson of Chennai Port Authority

CHENNAI: Shri. S. Viswanathan, IAS has assumed charge from 24.04.2023 as Deputy ChairpersonofChennaiPort Authority, under Ministry of Ports, ShippingandWaterways.

Shri.S.Viswanathan, IAS holds a degree in Mechanical Engineering and Master Degree in Business

Administration. He is an IAS officer of 2008 batch under Madhya Pradesh Cadre. He has previously served as Managing Director, MP Tourism Development and had held additional charge as Additional Secretary, Government of Madhya Pradesh, Medical Education Department and CVO- Ayushman Bharat Yojana, Bhopal.