The Gujarat Maritime Board (GMB) and private entity Gujarat Pipavav Port Ltd on Wednesday signed a Memorandum of Understanding (MoU) for an investment of Rs 17,000 crore here with the aim to strengthen the maritime sector of Gujarat.
Chief Minister Bhupendra Patel and A P Moller-Maersk Board Chairman Robert Maersk Uggla were present on the occasion.
Pipavav Port or APM Terminals Pipavav, partly owned by A P Moller-Maersk, is a major private port located near Rajula in Amreli district of Gujarat, while the GMB is a government agency that manages and regulates ports in the state.
“The objective of this MoU is to further strengthen the maritime sector of Gujarat through the capacity expansion of Pipavav Port,” stated an official release.
This project will create about 25,000 direct and indirect employment opportunities, giving new impetus to the local economy and improving the standard of living in rural areas, it said.
“It will increase the existing container, bulk, liquid and Ro-RoThe Gujarat Maritime Board (GMB) and private entity Gujarat Pipavav Port Ltd on Wednesday signed a Memorandum of Understanding (MoU) for an investment of Rs 17,000 crore here with the aim to strengthen the maritime sector of Gujarat.
Chief Minister Bhupendra Patel and A P Moller-Maersk Board Chairman Robert Maersk Uggla were present on the occasion.
Pipavav Port or APM Terminals Pipavav, partly owned by A P Moller-Maersk, is a major private port located near Rajula in Amreli district of Gujarat, while the GMB is a government agency that manages and regulates ports in the state.
“The objective of this MoU is to further strengthen the maritime sector of Gujarat through the capacity expansion of Pipavav Port,” stated an official release.
This project will create about 25,000 direct and indirect employment opportunities, giving new impetus to the local economy and improving the standard of living in rural areas, it said.
“It will increase the existing container, bulk, liquid and Ro-Ro Latest News [ SOBAN NEWS: International and National ]