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Hapag-Lloyd plans ₹20,000 crore India investment for ship recycling
March 20, 2026
|Financial Express Lucknow
GERMAN SHIPPING COMPANY Hapag-Lloyd plans to invest about ₹20,000 crore in India across ship recycling, reflagging of vessels and infrastructure development at Vadhavan Port, its chief executive officer Rolf Habben Jansen said on Thursday.
The proposed investment is split evenly, with around half earmarked for developing ship recycling capacity and the rest linked to port infrastructure at Vadhavan. The company has already invested about $800 million (over ₹7,350 crore) in India so far.
The announcement follows a letter of intent signed with the Union government on maritime cooperation, covering ship recycling, reflagging and port development. Jansen said India is a key growth market in global trade and a strategic partner for the company, adding that the agreement is aimed at strengthening its presence and supporting India’s plans to expand maritime capacity and connectivity.
هذه القصة من طبعة March 20, 2026 من Financial Express Lucknow.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Financial Express Lucknow
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