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

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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

Infrastructure Transport

27 Jun 2026

Noida Airport Fuels NCR Realty Growth

The start of commercial operations at Noida International Airport has recently emerged as a major trigger for real estate growth across Noida, Greater Noida and the Yamuna Expressway region. The airport is expected to improve regional connectivity and support the next phase of development in eastern NCR.The airport, inaugurated on 28 March, has begun passenger services, while cargo operations are also expected to strengthen its role as an economic and logistics hub. Its operationalisation is expected to reduce dependence on Delhi’s Indira Gandhi International Airport for residents and busine..

Technology

27 Jun 2026

thyssenkrupp and GlobalLogic Form AI Alliance

thyssenkrupp AG and GlobalLogic, a Hitachi Group company, have recently formed a strategic alliance to deploy autonomous robotics and Physical AI across heavy industry operations. The partnership aims to improve safety, reduce engineering bottlenecks and accelerate industrial transformation at scale.The alliance brings together thyssenkrupp’s industrial expertise with Hitachi’s innovation capabilities. It includes GlobalLogic, Method and Hitachi America R&D, creating a “Lab-to-Scale” pipeline that connects research, digital strategy, design and enterprise software engineering for i..

Real Estate

27 Jun 2026

Platinum Corp Launches Luxury Suites in Santacruz

Platinum Corp has recently launched Platinum Stellar: Bespoke Presidential Suites, a premium residential project in Santacruz West, Mumbai. The development is positioned as a boutique luxury offering for homebuyers seeking expansive layouts, privacy and personalised living experiences.Located on Main Avenue, the project has been designed as a low-density, high-end residential address with spacious homes starting from 2,500 sq ft and extending to full-floor residences. The project targets HNIs, business owners and legacy residents from the Bandra-Khar-Santacruz belt.Platinum Stellar has been de..