Andhra Pradesh’s Infrastructure and Investment Department Secretary Mr S Suresh Kumar was recently in South Korea on a five-day official tour on the invitation of KEXIM.As part of his visit, the Infrastructure and Investment Secretary met with top brass of the Korean shipbuilding industry and explored partnerships for setting up shipbuilding and ship repair facilities in AP.
He also presented the state’s vision at the 29th Economic Development Cooperation Fund conference, organised by the Export-Import Bank of Korea (KEXIM) in Seoul.
Andhra Pradesh aims to become a world-class maritime state by the year 2030 and is thus exploring partnerships with international players to give a major thrust to port-led infrastructure development that could create large-scale employment and propel the state towards its goal of becoming a 2 trillion-dollar economy by the year 2047.
During his visit Mr Kumar also met officials of the Busan Port Authority, Hanjin Industries and Hyundai Industries showcasing the state’s potential and advantage for prospective investment in the maritime sector.
“Our aim is to foster sustainable development by building world-class infrastructure, attracting global and domestic investments and positioning Andhra Pradesh as a premier industrial hub.
Establishing AP as a leading maritime state in India by 2030 is our focus area,” Suresh Kumar said. With four more non-major ports at Ramayapatnam, Machilipatnam, Kakinada (Gateway) & Mulapet set to become operational soon with an investment of over Rs 16,000 crore, the state’s port cargo handling capacity would increase by 110 million tonnes by 25-26”.
