Archive · 25 Jul 2025
VPA to Invest in Mulapeta Port, Build Special Economic Zone
The Visakhapatnam Port Authority is planning to invest in a new port called Mulapeta.
This port is being built to handle large amounts of goods like coal.
The port will also have special machines to load and unload cargo.
They are also planning to build a special economic zone (SEZ) next to the port.
An SEZ is like a special area where businesses can set up factories and create jobs.
The SEZ and the port together are expected to create lots of jobs and help the local economy.
Visakhapatnam Port Authority (VPA) plans to invest in Mulapeta deep-draft port in Srikakulam.
The Mulapeta port, 180km north of Visakhapatnam, is for bulk cargo like coal and fertilizers.
The port is expected to be operational next year and the project cost is `2,949.69 crore.
VPA will mechanize existing berths for `900 crore, improving efficiency and sustainability.
VPA proposed a Special Economic Zone (SEZ) on adjacent land for industrial development.
- Who
- Visakhapatnam Port Authority (VPA).
- What
- VPA is investing in Mulapeta port and developing a SEZ.
- When
- The port is expected to be operational by next year. By 2026, all port berths in Visakhapatnam would be fully mechanized.
- Where
- Mulapeta in Srikakulam district, Andhra Pradesh and Visakhapatnam.
- Why
- To enhance cargo handling, logistics, and economic development in Andhra Pradesh.
- Port Location
- Mulapeta, Srikakulam district, Andhra Pradesh
- Distance from Visakhapatnam
- 180 km
- Estimated Port Project Cost
- `2,949.69 crore
- SEZ Investment
- `1,500 crore
- Projected Employment
- 30,000 to 50,000