Mumbai: Andhra Pradesh Minister for IT, Electronics, and Education Nara Lokesh met Sachin Gupta, CEO of Trafigura India, a global leader in logistics, oil, minerals, and food exports. During the meeting, Lokesh urged Trafigura to explore investment opportunities in port-based infrastructure, cold storage, and export facilities across Andhra Pradesh.

Trafigura, which recorded $243.2 billion in business operations in FY 2024–25, had earlier signed a $1.4 billion LNG supply deal with Indian Oil Corporation in April. The company already exports coal, zinc, and aluminum through the Visakhapatnam Port and operates in multiple sectors including oil, petroleum transport, metals, minerals, gas, renewable energy, and logistics.

Highlighting Andhra Pradesh’s strong export potential, Lokesh noted that the state contributes 70% of India’s shrimp production and is a leading rice producer. He invited Trafigura to set up modern warehousing facilities at Visakhapatnam and Kakinada ports, participate in the renewable energy trade, and consider establishing an LNG regasification terminal to support gas-based power generation.

With 82.62 million tonnes of cargo handled by Visakhapatnam Port this year, Lokesh also proposed the creation of a commodity trading desk in Vizag to boost the region’s logistics and export ecosystem.