The logistics sector will also receive a portion of this investment.
“We had another meeting with Prime Minister Narendra Modi today,” Svendsen said. “We see an investment opportunity pipeline of around $5 billion in ports, terminals, and landside infrastructure development.” About half of this funding will be directed towards the Pipavav Terminal and logistics operations. A memorandum of understanding with the Jawaharlal Nehru Port Authority (JNPA) addresses the Vadhavan terminal project, with investment contingent on the bidding process, although funds have already been allocated.
“We are eager to invest and compete for the development of the Vadhavan terminal,” Svendsen added. The expansion of the Pipavav terminal includes dredging to accommodate larger vessels. These projects are key components of Maersk’s broader strategy, extending beyond routine operations. Vadhavan Port, located 150 kilometers north of Mumbai, is a government-backed project with a natural draft of 20 meters and is connected to the National Highway and Dedicated Freight Corridor rail network. Investment in Vadhavan will depend on the government’s bidding process, while dredging at Pipavav is set to begin immediately.
In the logistics sector, Maersk is also ramping up its warehousing and supply chain services. “Through our terminal operations in Pipavav and Mumbai, we handle over 3 million containers annually,” Svendsen explained. Christopher Cook, Maersk’s managing director for South Asia, highlighted the logistics segment as one of the company’s fastest-growing areas, with an expanded warehouse presence and 7,000 weekly rail movements. “We are now looking to expand in tier 2 and tier 3 cities,” Cook said. The company is also exploring partnerships in air freight and green fuels.
