Trade interaction with VPT Chairman in Mumbai

April 1, 2015 11:30 am Published by

The Chairman of Visakhapatnam Port Trust (VPT), Mr M. T. Krishna Babu, will be participating in a trade interaction in Mumbai on April 8, 2015, organised by Visakha Container Terminal (VCT).

 In his address to shipping lines and other members of the trade, the Chairman will outline the Andhra Pradesh government’s ambitious plans for Vizag and the facilitative role being played by the Port in the endeavour. In fact, VPT had recently announced a 50 per cent concession in vessel related charges, with effect from February 10, 2015, for a period of six months for all container vessels offering direct connectivity to ports not covered by existing lines.

Participation in the event is through invitation only.

 Visakhapatnam, the steel city, has been in the news post the bifurcation of the state of Andhra Pradesh. Being strategically located between Kolkata and Chennai, and on the same latitude as Mumbai, it is known as the Mumbai of the east coast.

 With a new government at the helm, there is more focus on the development of the port city and, in order to develop it as a logistics hub, the government is focusing on improving rail and road connectivity, setting up industrial corridors and developing inland waterways.

 Vizag, in fact, is all set to be developed as the commercial capital of the new Andhra Pradesh, with PCPIR, Pharma City, APSEZ and VSEZ, and the proposed Vizag-Chennai Industrial Corridor Project (VCIP) forming the core of industrial activities. VCIP, proposed on the lines of the Delhi Mumbai Industrial Corridor project, is envisaged to encompass several National Manufacturing Investment Zones, multi-product and product-specific SEZs and clusters. Given all these developments in the hinterland, Visakha Container Terminal has been working relentlessly to attract more services connecting Vizag to global destinations.

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This post was written by Atlantic Admin