PSA launches KCT joint venture

Kakinada Infrastructure Holdings Pvt Ltd (KIHPL), PSA Chennai Investments Pte Ltd and Bothra Shipping Services Pvt Ltd all have equal share of KCT which is situated in the Kakinada Deep Water Port (KDWP).

Mike Formoso, managing director of PSA India, said: “KCT will serve the agricultural, seafood and commodity trade and cater to the growing demand for containerisation of such products in the Kakinada region.”

He added: “We wish to thank the Government of Andhra Pradesh and the trade community for the opportunity to partner and work alongside them to develop this important agricultural and seafood port in India.”

KCT is well connected to the key cities in the region by the national highways and railway lines. It will assist with East India’s agricultural, seafood and commodity hinterland which exports rice, sugar, shrimps and paper products.

The initial annual handling capacity will be 200,000 teus of containers and KCT will have a quay length of 300m equipped with mobile harbour cranes and reach stackers.

“KDWP has emerged as the most user-friendly, clean and green port with efficient and mechanised cargo handling systems. With the start of the container operation, it is now the most integrated port in India,” said Mr K V Rao, chairman and managing director of Kakinada Seaports Limited.

The ceremony for the joint venture was graced by the officials from customs, Government of Andhra Pradesh, railways key shipping lines and key traders in the region.