AP State level sailing championship was held today at Krishnapatnam Port, Nellore for the first time under the aegis of Navayuga Sailing Academy. State level sailors and some trained locals participated in the competitions.
The Port is also playing host to Yachting Association of India (YAI) Senior and Youth National Championships from December 21 to 25 where as many as 500 sailors are expected to take part. Besides the port is also hosting International Youth Sailing Competition of India from December 27 to 31 in which 250 sailors from Singapore, Malaysia, Indonesia, Sri Lanka, Iran, Germany, UK and Hong Kong are taking part. In the first leg of the Asian Sailing Federation Youth Cup 2017-18, 150 sailors from across the world will be representing nine countries, including India.
The CVR Navayuga group promoted Krishnapatnam Port hopes to achive a cargo throughput of about 55 million tonne this year. The group plans to invest about Rs 8,000 crore in a phased manner to add more berths to have about 42 berths with over 200 MTPA capacity. The port will also have a dedicated container terminal in 600 acres.
Krishnapatnam Port Company Ltd (KPCL) signed an MoU with Petrogas and the government of AP for setting up a LNG (liquefied natural gas) regasification and floating storage terminal (FST) at an investment of $500 million. Petrogas Pvt Ltd is a JV between Isomeric Holdings Bhd of Malaysia and the Vijayawada based LEPL Ventures Pvt Ltd (LEPL).
The group is also in the process of setting up an industrial smart city in Nellore district in the port hinterland at an estimated cost of about Rs 10,000 crore. A special purpose vehicle (SPV) will be floated for the purpose along with the state government and the Japan International Cooperation Agency (JICA) for developing this hub in 6,000 acres.
CVR Navayuga Group owns 91% of Krishnapatnam Port along with family and friends while the balance 9.4% is held by the London-based equity firm 3i Group Plc. The total amount invested in developing the port so far is over Rs 8,000 crore and its debt equity ratio is about 3:1.
Andhra Pradesh police department recently took the initiative to replicate the success story of Cyberabad Security Council of Hyderbad, which has rolled out a series of security measures, by starting Nellore Industrial Safety and Security Corporation (NISCO).
Over 700 companies including large, medium and small-scale are present in the Nellore industrial corridor between Krishnapatnam Port and Sri City, of which 120 are large industries, out of which 50 to 60 companies have a turnover of over Rs 100 crore. Most of them have evinced interested in taking part and contribute to its success.
Nellore District Collector, SP and IG (Guntur Range) conducted several workshops in the recent past as a result of which a core team has been formed with General Managers (Security) of Krishnapatnam Port and Sri City apart from Additional SP of Nellore. NISCO has drafted a Standard Operating Procedure according to which the council would take care of untoward incidents with the help of employees of the industries.
In the first phase, the first cluster of about 100 companies have started setting up their own security measures including CC cameras, security alarms and private security personnel. The security guards would patrol a stretch of 5 to 8 km on bicycles or motorcycles fitted with RFID chip and a wireless set up to communicate with Rakshak teams during emergency. A DSP rank officer has been assigned to monitor the security and law and order at each cluster.
LNG Bharat Private Limited is setting up a floating LNG terminal at Krishnapatnam port Nellore. The terminal will be set up with a capacity of 5 million tonnes per year.
The execution of the project is underway and is expected to be commissioned by end of 2017. The 5 MMTPA terminal will be commissioned in 2 stages with the LNG being transported from the terminal in cryogenic trucks and RLNG being supplied in the upcoming Ennore-Nellore-Krishnapatnam port gas pipeline to the customers in south andhra pradesh north tamilnadu, Pondicherry, east karnataka and Telangana.
The project comprised an LNG floating storage, onshore buffer storage tank, regasification and cryo truck loading bays. The terminal will have an LNG berth of its own and also marine logistics support from the port.
Mr.G.Vengopal head of industry relations of the port said that, this was a welcome development with lots of opportunities for the port and also the industries in the projected regions. The total project cost would be INR Rs. 1400
Malaysian firm has come forward to invest Rs. 3000 crore for the proposed regasification and storage terminal at Krishnapatnam Port. This terminal will be Build, Own and Operate (BOO) mode within 2 years.
Malaysia based Isomeric Holdings Private Limited ad Vijayawada based LEPL company with an equity share of 74 percent and 26 percent will be jointly constructing the terminal which has capacity of 5 million tonnes per annum. Petronas another Malaysian company will be partnering with the project at later stage.
This project is expected to provide employment to 3000 people. Once the plant is operational the terminal will play a role in supplying gas to households in AP, Karnataka and Tamilnadu states through pipeline.
Andhra Pradesh Chief Minister Mr Nara Chandrababu Naidu announced today that Nellore will soon be developed as an Automobile Hub. He said that efforts are being made to set up automobile industries in and around Nellore with Japanese investments. Babu said that the government has already signed agreements with a number of Japanese companies who are willing to invest in the Nellore-Chennai region.
Chandrababu also announced that Nellore would be made as “Smart City” and Krishnapatnam Port would be developed as “Smart Port”. Nellore will soon be one among the top industrialized districts in AP.
A large Japanese contingent comprising investors, officials and industrialists visited Krishnapatnam port area around Nellore to assess the social infrastructure and entertainment facilities available near the industrial hubs in the district. Japanese investors are usually very particular about availability of world class social infrastructure like residential accommodation, schools, hospitals, hotels and entertainment options.
The state and district administrations have to lay more emphasis on future development of Nellore and its surrounding industrial hubs so that international companies from countries like Japan would feel comfortable to come and set up base here.
While the delegation seems to be largely satisfied about land and power availability they see lot of scope for improvements in the areas of roads, rail, port and so on.
The Central Government has appointed senior Indian Foreign Service (IFS) officials with the task of attracting foreign investments for each state. These officials are trained in different aspects so that they can work on making India a global hub of investments.
In Andhra Pradesh the Central Government has identified three districts, Nellore, Chittoor and Visakhapatnam for foreign investments. The central team has visited Nellore and met Nellore district collector M.Janaki Devi who has explained the team about the land availability for industries and also about the Krishnapatnam port and the National highway connectivity. These details will help the team to organise the road shows and exhibition in foreign countries by highlighting the advantages in investing money at Nellore. Joint collector M Intiyaz tool the team to different locations including the port as part of the field inspection.
The teams are initially visiting the different states and studying the field situation before starting their task. According to senior IFS officer N.Ramakrishnan who is part of the AP’s commercial team abroad “ the idea is to show the world India’s potential and make investments flow in to the country”.
Oil Country Tubular Limited, which is a processor of a wide range of Oil Country Tubular Goods required for the Oil Drilling and Exploration industry has decided to move some of its facilities out of Narketpally branch, near Hyderabad,Telangana , where a labour strike is under way since one month.
The company, is considering one of its options for relocating its facilities to Nellore keeping in view of the future expansion and proximity to Krishnapatnam Port.
The board has discussed the prevailing power shortage and other operational factors and decided that the company should look at the options to relocate few of its facilities where it can immediately go into operations in short period. The company is looking for the relocation place where there is availability of power, water and infrastructure in close proximity to ports
The company has taken this decision where a labour strike is under way from a month by a section of employee unions which has caused damage to the company business and prospects.
District administration is very much interested to improve tourism infrastructure at Nellore at the same time it also creates employment for the local unemployed youth. District collector N.Srikanth said the Krishnapatnam port, Rajarajeswarei Temple, Ranganadhaswamy Temple, Nellore cheruvu (Tank), and BaraShahid Dargah have strong potential in the Nellore tourism circuit. As part of this development project, KPCL offers to create more facilities in the natural creek, under a special programme called ‘Athidhya’.
KPCL will run bus services during weekends to transport tourists from Nellore town to the port. Facilities will be improved more, once the project is successful. Theme park, Speed boating and water sports will also be introduced.
KPCL senior management Mr. Ghanta Vengopal said that boating facility would be developed within two months on the port premises without disturbing the commercial shipping operations. He also suggested that beach should also be developed on the eastern side of the port for the tourists.
KPCL management also taking steps to avoid inconvenience to visiting ships, it proposed to allot separate space for developing facilities for tourists at the port.