Visakhapatnam Port Authority Shatters Records with 80 MMTPA Cargo Handling Achievement

The Visakhapatnam Port Authority (VPA) has achieved a remarkable milestone by exceeding 80 million metric tonnes per annum (MMTPA) in cargo handling, just days before the close of the 2023-24 financial year. This surpasses the previous year's record of 73.75 MMTPA, showcasing the port's significant growth trajectory.

A key contributor to this achievement is the Visakha Container Terminal (VCT), which reported a remarkable 28% increase in container volumes, totaling approximately 6,65,000 TEUs (Ten Equivalent Units). The port's success underscores its commitment to excellence in vessel management and cargo operations.

Furthermore, the port's emphasis on community development and environmental stewardship is evident through its various initiatives and achievements. This milestone highlights the VPA's pivotal role in facilitating trade and economic growth in the region.

In other news, Prithviraj Sukumaran's highly anticipated film 'Aadujeevitham,' based on Benyamin's novel, has generated significant buzz with pre-sales exceeding Rs 1.25 crore in Kerala. Meanwhile, CareEdge projects India's GDP to grow at 7.6% in the current financial year 2023-24, with an anticipated growth of around 7% in 2024-25. The recent interim Budget has proposed a substantial increase in capital expenditure outlay, further fueling economic optimism for the future.