Kamarajar Port inks ₹2,600-cr pact for infra upgrade

Kamarajar Port has inked 14 MoUs during the three-day Virtual Maritime India Summit. Chairman Sunil Paliwal, informed that they are tying up with major stakeholders for infrastructure development. The port has also entered into an agreement with Daimler India Commercial Vehicles Pvt. Ltd. (DICV), a wholly-owned Daimler subsidiary, which has a manufacturing facility in Oragadam. The agreement is to export Diamler vehicles for the next 10 days. Kamarajar Port had executed the agreement with major car manufactures which include Nissan Motor India, Ford India and Toyota Kirloskar Motor India with volume-based rebates. There is an agreement with German wind turbine maker Nordex. This comes after State signed MoUs worth ₹1,200 crore. Nordex intends to build wind turbines and rotor blades near Chennai. Basically, around 40 ships per year will be catered to by the port. This would be increased to 200 ships per year. The port will also be working on the containerised movement of chemicals. The port management is coordinating Sessions on the topics ―Ease of Doing Business, Coastal Shipping, Hinterland Connectivity and Multi-Modal Logistics and ―Bulk Cargo Transportation - Focus on Liquid Cargo on day two of the summit. The government has given renewed impetus to the maritime sector by announcing many new policy initiatives and by redefining the functional framework of the Major Ports.