Andhra Pradesh Maritime Board, APM Terminals sign ₹9,000 crore pact for port development

The Andhra Pradesh Maritime Board (APMB) signed a Memorandum of Understanding (MoU) with APM Terminals, a subsidiary of global shipping and port management giant A.P. Moller–Maersk, to develop three major ports in the state with an investment of ₹9,000 crore.

The agreement, signed in the presence of Chief Minister N. Chandrababu Naidu, will pave the way for the develop

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