Pipavav Port in Gujarat to be expanded with investment of Rs 17,000 crore
Gandhinagar, Oct 29 (BVI) APM Terminals Pipavav (Gujrat Pipavav Port Limited) has signed a Memorandum of Understanding (MoU) with Gujarat Maritime Board for the proposed expansion of Pipavav Port, with an investment scope of ₹17,000 crore (approximately USD 2 billion).
The signing ceremony took place at Gandhinagar in the presence of Gujarat Chief Minister Bhupendra Patel and Chair of the Board of A. P. Moller – Maersk Robert Maersk Uggla.
This MoU was a part of the announcement made in February 2025 by A.P. Moller – Maersk where it expressed its intent to invest over 5 billion USD in Indian ports and maritime infrastructure.
It outlines Pipavav’s proposed investment plan, which is subject to a long-term concession agreement with the Gujarat Maritime Board, an official statement said.
As a part of the 5 billion USD plan, on 21st August 2025, APM Terminals also signed an MoU to explore suitable port investment opportunity of 1 billion USD to support Andhra Pradesh’s port modernisation efforts, it said.
The proposed expansion at APM Terminals Pipavav will significantly enhance the port’s capacity and capabilities, reaffirming its position as one of India’s most efficient, safe, and sustainable ports.
Planned developments include state-of-the-art container and liquid cargo handling infrastructure and strengthening multimodal connectivity with the Dedicated Freight Corridor and the national hinterland.
Jon Goldner, Chief Executive, APM Terminals Asia & Middle East said: “This investment plan is not just about expanding Pipavav Port, it’s about unlocking new opportunities for Gujarat, for India, and for global trade…. Our goal is to make Pipavav a model of world-class efficiency and green growth, while creating lasting prosperity for the local community and strengthening India’s leadership in maritime trade.”
On this occasion, Bhupendra Patel said: “We deeply value our long-standing partnership with APM Terminals, which has been an important partner of Gujarat’s maritime growth story. Over the past 30 years, Pipavav Port has been a model of public–private partnership and this proposed investment by APMT Pipavav reflects strong confidence in Gujarat’s infrastructure, policy framework and governance.
“This expansion will strengthen Gujarat’s position as India’s maritime gateway, create new employment opportunities, and contribute to our vision of a Viksit Gujarat. We look forward to continued collaboration with APM Terminals as we build a stronger maritime future for India.”
The expansion is expected to make a substantial contribution to the economy of Gujarat and India, with the potential to generate around 25,000 new direct and indirect employment opportunities, with a strong emphasis on local employment.
By enabling growth in key industries such as automobiles, textiles, agri-commodities, and energy, the project will act as a catalyst for industrial development across Saurashtra and beyond.
APM Terminals develops and operates advanced container terminals around the world and has been lifting standards in the industry for more than a half century.
The company is an independent division in A.P. Moller-Maersk, and has facilities in 60 key locations in 33 countries around the globe – with several in development. APM Terminals employs approximately 22,000. (BVI)
