The government of Andhra Pradesh laid the foundation stone for the Machilipatnam Port project on May 22, 2023. The environmental and pollution clearances were granted on February 28, 2023 and April 13, 2023 respectively. The land acquisition process was completed in March 2023, entailing an investment of Rs 17.94 billion. The scope of the project includes development of a greenfield, modern, all-weather, deep-water, multi-purpose port at Machilipatnam in Krishna district in a phased manner on an engineering, procurement and construction (EPC) basis. The estimated cost and capacity of the project are Rs 51.56 billion and 35 million tonnes per annum (mtpa) respectively.