GMR forays into seaports, to build green-field commercial port at Kakinada

The Kakinada Special Investment Region is being developed as a port-based, multi-product industrial park by GMR

GMR Infrastructure Limited has been awarded a green-field commercial port at Kakinada, abutting the over 10,000-acre Kakinada SEZ controlled by the group. The company said it has made a successful bid to develop the port through the Swiss Challenge mode under the revenue sharing model. 
 

"The port is located at one of the strategic nodes of the Vizag-Chennai Industrial Corridor and is expected to benefit from the associated corridor developments. Given the strategic location, the port is expected to become the gateway to the east coast of India. Once operational, the port will have initial capacity of 16 million tonnes,"