GMR proposes to set up Rs. 2,500 cr greenfield port at Kakinada

Bangalore-headquartered infrastructure major GMR Group has completed initial studies on setting up a large port in the backyard of Kakinada Special Economic Zone (KSEZ) on Andhra seacoast.

'We expect to go for public hearing on port project in the next 4-6 months,'a company source told Business Standard.

After making a name for itself in building modern airports in India and broad, the GMR group is entering the seaports business very first time by planning to develop a very modern green-field port. It will have facilities to meet the needs of all types of cargo handling, including the container cargo, and also proposes to ensure a congestion-free access and connectivity for the export and import operations, according to sources.

BS