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Privately Run Krishnapatnam Port in Andhra Pradesh Is Expecting 30 Percent Growth

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Core prompt: After stagnant growth over the last few years, privately run Krishnapatnam port in Andhra Pradesh is expecting 30 percent growth during th

After stagnant growth over the last few years, privately run Krishnapatnam port in Andhra Pradesh is expecting 30 percent growth during the current fiscal.

A top port official said that the all weather port in Nellore district will handle 21 million tonnes cargo during 2012−13, against 15.4 million tonnes during the previous year.

Mr Anil Yendluri CEO of Krishnapatnam port on the sidelines of an event said that the port would be handling 16 million tonnes coal, which would be 66% of the total cargo to be handled during the current year.

Part of CVR and Navayuga Group of companies, Krishnapatnam port aims to be India's largest port by 2016−17 with annual capacity of 200 million tonnes and 42 berths. It has so far invested USD 1 billion and plans to invest another USD 3 billion in the next 5 to 10 years.

Mr Yendluri a conference organized by the Confederation of Indian Industry on exports from Andhra Pradesh said that "Krishnapatnam will be bigger than Vizag and Kandla put together. They are the number one and number two ports currently."

He said that "Very soon we will overtake the established ports on the eastern coast because a lot of trade is happening between India and the eastern nations."

Currently, Krishnapatnam is bigger than Gangavaram and Kakinada ports put together in terms of size and almost equal in terms of operations.

 
 
 
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