Global shipping leader A.P. Moller Maersk is set to invest $5 billion in India’s ports, terminals, and logistics infrastructure. Keith Svendsen, CEO of APM Terminals, confirmed this in an exclusive interview, emphasizing India’s growing role in global trade.
Focus on Pipavav and Vadhavan Ports
Maersk’s investment will primarily focus on expanding the Pipavav terminal and developing a container terminal at the upcoming Vadhavan Port. The company is keen on upgrading Pipavav by dredging to accommodate larger ships, ensuring it remains future-ready. Vadhavan’s project will move forward based on the government’s bidding process, with Maersk already earmarking funds for development.
Strengthening Logistics and Supply Chain
Apart from port infrastructure, Maersk is expanding its warehousing and supply chain services in India. The company currently handles over 3 million containers annually through its Indian operations in Pipavav and Mumbai. By integrating transportation, port handling, warehousing, and distribution, Maersk aims to streamline logistics and reduce costs for businesses.
Expansion Beyond Major Cities
Christopher Cook, Maersk’s Managing Director for South Asia, highlighted the company’s rapid warehouse expansion over the last few years. Now one of India’s top seven logistics providers, Maersk operates 26 facilities covering over 300,000 square meters. The company plans to extend its reach to tier 2 and tier 3 cities in the coming years.
Exploring Future Opportunities
Maersk is also exploring new opportunities, including dedicated air freighters and partnerships in the green fuel sector. While there are no immediate plans, the company is assessing their feasibility in India. Cook emphasized that India remains a profitable and strategic market for Maersk’s future growth.
