According to Visakhapatnam Port Authority (VPA) Chairman M Angamuthu, Visakhapatnam Port will provide a major boost to the improvement of port-led industrial and economic development.
The VPA has launched a series of initiatives in line with Prime Minister Modi’s vision to enhance port-led industrial and economic development, Angamuthu said.
“The port of Visakhapatnam handled record cargo in the last financial year 2022-23. “We intend to improve our cargo throughput based on the best available key indicators of port performance,” the chairman said.
Visakhapatnam Port handled a record 74 million tons of cargo in 2022-2023, compared to 69 million tons last year, a growth of 7 percent.
The port authority would also address environmental concerns, stakeholder participation and the generation of renewable energy sources by harnessing solar and wind potential, he added.
Other recent achievements of the port include offloading a record 20,050 tons with a mass ejection of 1,671 tons of chrome ore in bulk, loading 16,478 tons of fly ash in bulk with a mass ejection of 1,831 tons, and discharging a record 15,446 tons Iron manganese slag in bulk.
VPA has undertaken a number of modernization initiatives. Handling of larger vessels has recently been made possible in the Inner Harbor and Baby Cape handling has also begun.
As part of the port’s development as a landlord model, three PPP projects have been awarded an investment of ₹655 crore and two more projects are in the advanced stages of awarding. In addition, works are underway under Pradhan Mantri Matsya Sampada Yojana to modernize the fishing port with an investment of ₹151 crore, the foundation stone of which was laid by Prime Minister Modi.
The priority of green initiatives will also be strengthened. “Green port initiatives and the progressive deployment of technology for different operating systems will also be considered,” said Angamuthu.
Green initiatives include the expansion of 15MW solar power projects, the launch of a land-to-ship project and plans to introduce green tugboats, he said.