Industrial Hub
The location of the port has seen it become a port of choice of the new world, with the manufacturing behemoth China on the right, surrounded by a string of hyperactive South-Asian economies. With this as an advantage, a new industrial cluster is coming up around the port which will be a geographical marker for global trade.
Strategic location - Covering Andhra Pradesh, Telangana, Karnataka and Tamilnadu.Major consumption centres like Hyderabad (490km), Bengaluru (380km) and chennai (180km) can be serviced from the port
Projects around the Port
Power plants
The upcoming power projects in vicinity of Krishnapatnam Port will require coal in excess of 40 MTPA. In addition, 38 Mn MTs of coal required for:
- Existing power plants in hinterland of the port which blend imported coal
- Cement and steel plants in the hinterland sourcing coal from Australia, Indonesia and Mozambique
- Imports of coal by traders catering to regional market
Power plants planned in port vicinity
| Sr. No. | Plants | Capacity (MW) | Expected COD |
|---|---|---|---|
| 1 | Simhapuri Power | 1,920 | FY13 |
| 2 | AP Genco | 1,600 | FY14 |
| 3 | Meenakshi Group | 1,000 | FY15 |
| 4 | Thermal Power Tech | 1,320 | FY15 |
| 5 | NCC Power | 1,320 | FY16 |
| 6 | Kineta Power | 1,980 | FY16 |
| 7 | Krishnapatnam Power | 1,320 | FY17 |
Other Port Based Industries
- Immense opportunities for port based lubricant plants, sugar refineries, cement and steel manufacturing plants to come up around Krishnapatnam. SBQ Steels with 0.5 Million MT steel integrated plant is already operational near the port
- Other industrial developments like Leather park and IFFCO Kisan SEZ are also coming up around the port
- Due to the phenomenal growth of the port and the industries around it, Krishnapatnam has been finalised as one of the three industrial nodes in the Chennai-Bangalore Industrial Corridor (CBIC). CBIC is being promoted jointly by the Indian and Japanese governments.
- Similarly, Krishnapatnam will be part of the Chennai-Krishnapatnam-Visakhapatnam industrial corridor
- It was also declared as the 1st Industrial Smart City during India’s Union Budget of 2014
- The Union government’s ‘Special Category Status’ to Andhra Pradesh for five years along with tax incentives for 10 years post the bifurcation of Andhra Pradesh into Telengana and residual Andhra Pradesh will further add to the growth momentum in the region
