US$115 million investment funds injected to increase box handling capacity by 10 per cent
In a bid to boost the republic’s trade, Gateway Terminals India (GTI) is injecting US$115 million worth of funds to redevelop APM Terminals in Mumbai’s infrastructure to take on larger vessels and process close to 73 million metric tonnes of throughput (2.8 million TEUs).
Ease of doing business
The project includes 6 ship-to-shore cranes and 3 rail-mounted gantry cranes in a bid to accommodate the increasing needs of larger vessels. Most importantly, support the government’s ‘Ease of Doing Business’ initiative. GTI’s Chief Operating Officer, Girish Aggarwal said, “The investment will allow us to cater to the larger vessels safely and efficiently at our terminal. This in turn will assist our customers to drive operational efficiency towards the Indian trade.” APM Terminals Mumbai is the highest volume handling terminal in India, moving around 2 million TEUs a year. The terminal has quay length of 712m and an area of 63 hectares.
GTI is a joint venture between APM Terminals and domestic rail operator Container Corporation of India (Concor) operating at Nhava Sheva. The terminal includes a berth line of 2,336 ft, 128 acres of yard space and modern service equipment including ten twin-lifting quay cranes, 40 rubber-tyre gantry cranes, and 3 rail-mounted quay cranes.
India was a major casualty of the pandemic across several sectors, with its international trade taking a huge hit last year. The country spiraled into a massive recession, leaving markets recording intense losses. To address the crisis, the Indian government implemented many initiatives to rejuvenate the shipping sector. It is encouraging to see a commercial enterprise stepping up to its plate to help its port, and a smart move by simultaneously encouraging larger vessels to berth.
Marine Online News Team
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