The ports at Visakhapatnam, Krishnapatnam, Kakinada and Gangavaram are systematically located closed to industrial nodes and have an excellent infrastructure which will benefit immensely from the coast-centric development policy of the State government, EY (formerly Ernst & Young). This was observed in a ‘knowledge paper on port-centric industrial development’ prepared by it in association with Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers).
With the State government putting emphasis on development of industrial clusters within 100-km radius of ports, the vast coastline of A.P. is to undergo a dramatic transformation into a logistics hub in the near to long term. Releasing the paper at the AP Chambers office on Monday, its president M. Murali Krishna stated that the EY predicted a bright future for the above ports, particularly the private ones which gave a tough fight to the established players.
A land bank comprising 6,800 acres for the port area and 13,000 acres for industries was the biggest asset of Krishnapatnam port with its 18 metre draft which served as an added advantage.
The Krishnapatnam port and Nhava Sheva ports were well-positioned to emerge as transhipment hubs in the Indian sub-continent as stated in the 35-page report. The EY report further pointed out that the Krishnapatnam and Nhava Sheva port in Mumbai were the only Indian ports that figure in the major world ports given ranking on the basis of productivity. AP Chambers president-elect G. Sambasiva Rao, secretary general P. Bhaskar Rao, and others were present.
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