COPENHAGEN (Reuters) -Danish shipping company Maersk said on Thursday its APM Terminals unit may invest around $2 billion in the Pipavav Port in western India. Maersk said in a statement it had signed
Maersk's APM Terminals Plans $2 Billion Investment in Indian Port
Maersk's Strategic Investment in Indian Ports
COPENHAGEN (Reuters) -Danish shipping company Maersk said on Thursday its APM Terminals unit may invest around $2 billion in the Pipavav Port in western India.
Memorandum of Understanding with Gujarat Maritime Board
Maersk said in a statement it had signed a memorandum of understanding with the Gujarat Maritime Board on increasing capacity at the port.
Expansion Plans and Capacity Enhancement
"Subject to a long-term concession agreement with Indian authorities, the expansion will significantly enhance the port's capacity and capabilities," it said.
Collaboration with Shipyards
Maersk said it had also signed memorandums of understanding with several shipyards on exploring deeper cooperation.
"India possesses significant infrastructure capabilities that Maersk wishes to capitalise on," it said.
(Reporting by Anna Ringstrom, writing by Louise Breusch Rasmussen, editing by Terje Solsvik)
