Rs 77K-cr investment expected in Kandla

Deendayal Port Trust (DPT) port has signed memorandums of understandings (MoUs) worth Rs 65,000 crore in past one week for various projects at the port. It is set to ink agreements to the tune of Rs 12,000 crore in a couple of days.

DPT authorities made this details public at a press meet organized ahead of the virtual Maritime India Summit-2021 to be organized from March 2 to 4 by the union ministry of ports, shipping and waterways.

Forty MoUs that will bring investment to the tune of Rs 77,000 crore will be inked during the meet. Out of these MoUs, a major chunk will come from two projects.

Essar Group is developing crude oil to chemical complex in Tuna port and an integrated steel complex at the cost of Rs 15,000 crore.

Another major project includes Adani Group’s Ro-Ro service between DPT, Vadinar and Mundra port to provide ‘a cost and time-effective’ option to truck operators. The project is expected to save 600 km trip for every truck.

Emami Agrotech Ltd also signed an MoU of Rs 500 crore for expansion of project at SIPC (Smart Industrial Port City).

Chairman of DPT S K Mehta said, “For the first time investment of this magnitude will be made at DPT. It’s a big opportunity for economic upliftment and will bring a major change in Kutch’s economy.”