Shifts in global supply chains and sourcing to benefit India : APM ... - India Shipping News

India is in a strong position to benefit from the global shift towards multi-sourcing and supply chain resilience, according to APM Terminals CEO Keith Svendsen. The easing of the pandemic means inventories have started to normalise and restocking should begin by the end of the year. APM Terminals plans to invest INR3,500 crore ($470m) in its Pipavav port, with a large portion of the planned capex dependent on the port lease being extended. The company is keen to invest in Indian infrastructure and logistics projects to lower costs.

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