The agreement establishes a strategic framework for the development of an iron ore blending facility and a dedicated Special Economic Zone (SEZ) at Gangavaram Port. Under this collaboration, the parties will jointly develop, operationalize, and manage an integrated SEZ based ecosystem for the blending, value addition, and commercialisation of iron ore. This initiative is designed to strengthen the iron ore export value chain on India’s East Coast while enhancing efficiency, scale, and global competitiveness in mineral processing and trade. With this development, the capacity of Gangavaram Port will increase up to 75 MMT, and it will become a hub for iron ore exports for India and the region.
