The Netherlands-based terminal operator APM Terminals, part of A.P. Moller – Maersk, has signed a memorandum of understanding (MoU) with India’s Government of Andhra Pradesh, through the Andhra Pradesh Maritime Board (APMB), to accelerate port and terminal development in the state.
As informed, APM Terminals has expressed its intent, as part of the MoU, to invest $1 billion (₹8-9 billion) to support Andhra Pradesh in developing modernized ports and terminals .
