DP World signs MoU with Tamil Nadu govt for Rs 2,000 cr projects

14 Sep 2021 CW Team

Logistics services company DP World will invest around Rs 2,000 crore in Tamil Nadu for installing a new container terminal, cold storage and seafood processing zone, etc.

The other projects lined up involve a free trade zone with an integrated rail siding, a minor port in the Eastern Coast of Tamil Nadu and inland container depots in Karur, Tirupur, and Erode.

A government official told the media that these projects might generate jobs for 4,500 people (1,500 direct and 3,000 indirect). The firm has inked a memorandum of understanding with the state government asking for facilitation support needed for the projects.

DP World is the world’s leading port/terminal operator since its inception in 1972 and presently works at 150 places the world over in ports, terminals, industrial parks, logistics and economic zones, maritime services and marinas. In 1997, it entered India and began its container terminal in Mumbai, and in 2001 it laid its footprint in Tamil Nadu.

With an investment of over $1.2 Billion, they are running six terminals in India at major ports with more than 6 million TEU of gross capacity. Chennai Container Terminal (CCTL), with four berths to manage 1 million TEU containers inside Chennai Port, was built by DP world and started operation in 2001. Additionally, DP World installed container cold storage (winter logistics), freight stations (CFS), and third-party logistics warehousing in Tamil Nadu.

In September 2019, DP World inked an MoU in UAE with the Government of Tamil Nadu to invest Rs 1000 crore in establishing a free trade warehousing zone (FTWZ) and subsequently, Integrated Chennai Business Park (ICBP) in Vallur, Ponneri Taluk, Tiruvallur District was installed over an area of 125 acres. This FTWZ was inaugurated in July 2021.

On Saturday, Chief Minister M K Stalin, Tamil Nadu, laid the foundation stone for the planned data centre to be installed by Japanese technology major NTT Global Data Centres and Cloud Infrastructure at an investment of Rs 2,500 crore. The data centre at Ambattur will be spread across 8.25 lakh sq ft.

Image Source

Logistics services company DP World will invest around Rs 2,000 crore in Tamil Nadu for installing a new container terminal, cold storage and seafood processing zone, etc. The other projects lined up involve a free trade zone with an integrated rail siding, a minor port in the Eastern Coast of Tamil Nadu and inland container depots in Karur, Tirupur, and Erode. A government official told the media that these projects might generate jobs for 4,500 people (1,500 direct and 3,000 indirect). The firm has inked a memorandum of understanding with the state government asking for facilitation support needed for the projects. DP World is the world’s leading port/terminal operator since its inception in 1972 and presently works at 150 places the world over in ports, terminals, industrial parks, logistics and economic zones, maritime services and marinas. In 1997, it entered India and began its container terminal in Mumbai, and in 2001 it laid its footprint in Tamil Nadu. With an investment of over $1.2 Billion, they are running six terminals in India at major ports with more than 6 million TEU of gross capacity. Chennai Container Terminal (CCTL), with four berths to manage 1 million TEU containers inside Chennai Port, was built by DP world and started operation in 2001. Additionally, DP World installed container cold storage (winter logistics), freight stations (CFS), and third-party logistics warehousing in Tamil Nadu. In September 2019, DP World inked an MoU in UAE with the Government of Tamil Nadu to invest Rs 1000 crore in establishing a free trade warehousing zone (FTWZ) and subsequently, Integrated Chennai Business Park (ICBP) in Vallur, Ponneri Taluk, Tiruvallur District was installed over an area of 125 acres. This FTWZ was inaugurated in July 2021. On Saturday, Chief Minister M K Stalin, Tamil Nadu, laid the foundation stone for the planned data centre to be installed by Japanese technology major NTT Global Data Centres and Cloud Infrastructure at an investment of Rs 2,500 crore. The data centre at Ambattur will be spread across 8.25 lakh sq ft. Image Source

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Infrastructure Energy

06 Oct 2025

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Infrastructure Energy

06 Oct 2025

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..