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AP Moller-Maersk to boost India play

Warehousing & Logistics
December 1, 2014December 1, 2014
AP Moller-Maersk to boost India play
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Gujarat Pipavav is one of the reasons global shipping giant AP Moller-Maersk (APM) is willing to bet on India. Pipavav port´s revenue has grown at a CAGR of 23 per cent in the past five years and it has made Rs 323 crore in profits in three years. The stock has more than trebled in the past 12 months, and it plans to expand capacity by spending $76 million (nearly Rs 467 crore) in the coming months.

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