Andhra Pradesh is positioning itself as a prime shipbuilding investment destination at the India Business Roundtable during SMM Hamburg. Secretary Kona Sasidhar highlights the state’s strategic coastal location, strong industrial base, and favorable business climate to attract global shipowners and manufacturers, emphasizing a robust infrastructure and supportive policies for investors.
Machilipatnam is revitalizing its historic port, now 48% complete at Manginapudi. This ambitious project, involving massive dredging and seawall construction, aims to restore trade routes impeded since British rule. Both Andhra Pradesh and Telangana foresee significant economic benefits, enhancing exports and operational efficiency through a new freight corridor.
Andhra Pradesh is making significant investments in four new greenfield ports to boost its presence in India’s maritime sector. With a budget allocation of Rs 400 crore, the state aims to unlock a $20 billion blue economy by 2035. These ports will create over 75,000 jobs and enhance the state’s maritime infrastructure.
