APM Terminals Pipavav Signs Agreements for Port Infrastructure and Green Hydrogen Ecosystem

APM Terminals Pipavav, a private port operator, has signed two initial agreements with the Gujarat Maritime Board (GMB) and Welspun Group for port infrastructure development and the creation of a green hydrogen ecosystem. The company plans to invest Rs 3,320 crore in setting up liquid and container berths and a yard in collaboration with GMB. The Memoranda of Understanding (MoUs) were signed at the Vibrant Gujarat Global Summit, inaugurated by Prime Minister Narendra Modi.

Managing Director Girish Aggarwal emphasized the company’s commitment to the community, environment, and the region through these agreements. The partnership with GMB will facilitate necessary permissions for the construction of liquid and container berths, container handling equipment, and marine infrastructure development at Pipavav Port. This is estimated to cost Rs 3,320 crore and is expected to create jobs and economic growth through infrastructure development.

In addition to its collaboration with GMB, APM Terminals Pipavav will explore opportunities with Welspun Group for the development of green hydrogen facilities on land provided by the port. Green hydrogen, produced from water and renewable energy, has the potential to replace fossil fuels and serve as a sustainable industrial raw material.

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