Port operations of among the largest breakwater projects to start from 2020

11 Jan 2019 CW Team

In order develop the backward Prakasam district, the Andhra Pradesh Government has taken the initiative of constructing the Ramayapatnam port. With an investment of Rs 50 billion, the Ramayapatnam port will reportedly be one of the world's largest breakwater projects. The port is expected to be a new trade address for the north-east Asian countries.
Nearly 3,500 acre has been been allotted with Rs 4 billion land acquisition, and Rs 25 billion are to be invested for the construction of the breakwater navigation channel. The port has allocated two berths for Asia paper mill, two for Jindal and one berth for Ranko, while the remaining three berths will be developed as commercial berths. Designed to work with 13 mn tonne capacity, the port is connected to the NH-16 and is in close proximity to the Visakhapatnam-Chennai Industrial Corridor.
Employment opportunities is expected to open with the coming of Ramayapatnam port in the region. Nearly 25,000 direct and indirect jobs are expected to be generated. Besides, Indonesia-based Asian Pulp and Paper will reportedly set up a mill at a total investment of Rs 245 billion, which will generate 6,000 direct and 12,000 indirect jobs.
The state government has planned to raise the funds with AP Maritime Infrastructure Development Corporation. For the coming 10 years, the revenue from the Kakinada region ports and Machillipatnam region ports will be utilised for the construction of the port and by 2023.
Tenders for development will be reportedly called once the DPR is approved. The port is expected to start operations from 2020 and traffic in the first year is expected to be 20.26 MMT, which is expected to reach 138.54 MMT by 2040-41.
Apart from the port project, many multinational companies are reportedly ready to invest in the Prakasam district.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..