APM Terminals Pipavav (Gujarat Pipavav Port Limited) signed a Memorandum of Understanding with the Gujarat Maritime Board to expand Pipavav Port with an estimated investment of ₹17,000 crore (approximately USD 2 billion), the company said in a news release.
The MoU is part of A.P. Moller–Maersk’s February 2025 announcement to invest over USD 5 billion in Indian ports and maritime infrastructure.
The Pipavav expansion plan is subject to a long-term concession agreement with the Gujarat Maritime Board.
As part of the broader investment initiative, APM Terminals also signed a separate MoU on August 21, 2025, for a USD 1 billion port modernization project in Andhra Pradesh.
According to APM Terminals, the proposed development will expand capacity for containers, liquid and RoRo cargo, enhance storage and rail facilities, and strengthen multimodal connections with India’s Dedicated Freight Corridor.
The Pipavav Port, already connected to the world’s top ten container ports and eight of the top ten global shipping lines, has been consistently ranked India’s most efficient port by the World Bank’s Container Port Performance Index.
APM Terminals Pipavav (Gujarat Pipavav Port Limited) is a publicly listed company operating one of India’s key gateway ports for container, dry bulk, liquid bulk, and RoRo cargo. It is India’s first public–private partnership port and the first to be connected to the Dedicated Freight Corridor. The port currently handles 1.35 million TEUs of container cargo and 4 million metric tons of dry bulk annually, with expansion underway for liquid cargo capacity.
