Sagarmala Finance Corporation is set to consider a ₹2,000 crore loan proposal for the Andhra Pradesh Maritime Board to support the development of Ramayapatnam and Mulapeta ports. The funding move is aimed at accelerating key maritime infrastructure projects that are expected to strengthen Andhra Pradesh’s role in India’s coastal trade and logistics network.
The proposed financial assistance would help advance construction, connectivity, and capacity expansion at both ports, which are strategically positioned to handle rising cargo demand and support industrial growth in the region. Ramayapatnam Port is being developed as a deep-water gateway, while Mulapeta is expected to enhance bulk and general cargo handling capabilities.
Officials view the projects as important components of India’s broader port-led development strategy under the Sagarmala programme, which focuses on modernizing maritime infrastructure, improving logistics efficiency, and reducing transportation costs through coastal shipping.
Industry stakeholders believe successful execution of the ports could attract manufacturing investments, generate employment, and improve export-import connectivity for Andhra Pradesh. Approval of the loan would mark another step in expanding India’s eastern coast maritime capacity and long-term trade competitiveness.