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VOC Port to invest Rs 15,000 cr in Outer Harbour project  to be a...

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo TUTICORON, Mar 1: VO Chidambaranar Port will invest Rs 15,000 crore in its ambitious Outer Harbour project, which aims to increase overall cargo handling capacity and position Tamil Nadu as a major transhipment hub of southern India, a top executive has said. The investment is in addition to the Rs 1,500 crore capex, which has been set aside to upgrade port infrastructure, along with clean projects and deployment of new-age technologies, VOC Port Authority Chairperson Susanta Kumar Purohit told PTI in an interview. VO Chidambaranar Port (VOC Port) is one of the major ports in India, located at Tuticorin in the southern part of Tamil Nadu, with an annual cargo handling capacity of 82 million tonnes per annum (MTPA).

VOC Port to invest Rs 15,000 cr in Outer Harbour project  to be a...

Credit: Dailyexcelsior

Key Highlights

  • It is also one of the oldest operational ports, with trade links dating back to 123 AD.
  • Sharing future growth plans, Purohit said, “Outer Harbour is our ambitious project, aligned with Prime Minister Narendra Modi’s vision for the maritime sector.
  • Our ministry aims to make VOC Port a major transhipment hub of southern India”.
  • To tap the growing opportunities, VOC Port Authority is investing close to Rs 15,000 crore in the Outer Harbour project, which will add another 4 million tonne per annum (MTPA) cargo handling capacity in two phases by 2027 and 2030, he said.
  • The port aims to compete with international hubs located in other countries, such as Sri Lanka, Singapore and Indonesia.
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Sources

  1. VOC Port to invest Rs 15,000 cr in Outer Harbour project  to be a...

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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