Andhra Pradesh Seeks Global Partnerships for Port Infrastructure Development and Economic Growth

The Andhra Pradesh government is actively seeking international partnerships to enhance port-led infrastructure development, aiming to create significant employment opportunities and drive the state toward its goal of becoming a $2 trillion economy by 2047. To achieve this, Andhra Pradesh envisions becoming a world-class maritime state by 2030, promoting sustainable economic growth and coastal development through advanced infrastructure and attracting both global and domestic investments.

During a recent presentation at the 29th Economic Development Cooperation Fund conference in Seoul, S Suresh Kumar, the state’s infrastructure and investment secretary, outlined these ambitions. Currently on a five-day visit to South Korea at the invitation of the Export-Import Bank of Korea (KEXIM), Kumar is engaging with leaders in the Korean shipbuilding industry to explore partnerships for establishing shipbuilding and repair facilities in Andhra Pradesh. He is also meeting with officials from the Busan Port Authority and major industries to showcase the state’s investment potential.

The state currently manages significant cargo volumes through its ports, with plans to enhance capacity by adding four new non-major ports, projected to increase cargo handling capacity by 110 million tonnes by 2025-26. Kumar emphasized the importance of innovative policies and efficient governance to foster sustainable development and establish Andhra Pradesh as a leading industrial and maritime hub in India.