As India's economy continues to grow, its maritime trade and its percentage share in the world market is growing at a rapid pace. This unprecedented growth triggered a demand for strategic port capacity to sustain trade at lower costs in the most effective and efficient manner, thus increasing India’s share in international markets.
Thus Krishnapatnam Port Company Ltd. (KPCL) was formed by winning the mandate from the Govt. of Andhra Pradesh to develop the existing minor port into modern, deep water & high Productivity port, on BOST (Build–Operate-Share-Transfer) concession basis for 50 years. The port is being built in three phases. Post the completion of the first phase in a record time of 18 months, Krishnapatnam Port was dedicated to the nation on July 17, 2008. Currently the second phase of development is underway. Port has numerous strengths like its area, location, weather and the credentials of CVR Group that is promoting this port; it will soon be poised to become one of the biggest ports in the world.
Krishnapatnam is a port town in Muthukur Mandal of Nellore District, the southernmost coastal district in the state of Andhra Pradesh, India. The history says that Vijayanagar Emperor, Sri Krishnadevaraya operated this port, hence the port was named as Krishnapatnam Port. The port operated small boats through Buckingham Canal, which runs behind the port and was used as a waterway for transportation between Chennai in the south and Krishna river delta in the north. Later in 1960’s iron ore was exported by wooden boats from this port and in early 1980’s Government of India declared this port as a minor port.