Ramco Cement plans to set up a cement plant in the Kurnool district of Andhra Pradesh. Aiming to invest Rs 3,000 crore, the company will also invest in building a 20-km railway line to facilitate connectivity. Its new facility in Visakhapatnam will also be commissioned by October 15, 2014.
Significant opportunities exist for vendors of port construction and operations equipment. Cargo traffic at Indian ports stood at 934 mt last year. That the capacity at these ports is required to grow to 2,000 mt
Visakha Container Terminal Private Limited has started negotiations with major cranes manufacturing firms in order to increase its handling capacity to 600,000 boxes a year, by spending about Rs 120 crore over the next two years.