Global port operator, DP World, has received the nod from the Tamil Nadu government to set up a new container terminal with an estimated cost of INR 1,000 crore.
The ‘no objection certificate’ from the Tamil Nadu government will allow DP World to set up the container terminal in a special economic zone (SEZ).
A top delegation of the company from UAE had met with the chief minister K Palaniswami and authorities concerned. Earlier, the Tamil Nadu CM had visited UAE in August-September during which MoUs with different firms were signed by the state government attracting investment worth INR 3,750 crores, that would generate more than 10,000 jobs.
DP World has already established private freight terminals and rail-road linkages connecting Hyderabad with other trading hubs across the country.
“Suitable approvals have been issued (for the companies to commence operation) by the government,” a government release said.
The release said that works related to the new container terminal by DP World at Ennore have already commenced. Dubai-based KMC Group and Mauto Electric Mobility for converting petrol-run auto-rickshaws into battery-operated ones with investments of INR 100 crore has also begun.
Notably, in July this year, DP World and Jawaharlal Nehru Port Trust (JNPT) signed a co-developer agreement to develop the Free Trade Warehousing Zone (FTWZ) project.
Company officials would soon visit and identify suitable locations for setting up their companies.