+
TN Govt's £2.5B Pact: Logistics Boost with Hapag-Lloyd Deal
PORTS & SHIPPING

TN Govt's £2.5B Pact: Logistics Boost with Hapag-Lloyd Deal

In a landmark move, the Tamil Nadu government has sealed a ?2.5 billion deal with global shipping giant Hapag-Lloyd to revolutionize the state's logistics landscape. The agreement focuses on establishing cutting-edge container terminals and logistics parks, marking a significant stride towards enhancing trade and commerce in the region.

This collaboration is poised to bring state-of-the-art facilities, boosting the efficiency of cargo handling and transportation. The strategic placement of the terminals and parks will play a pivotal role in connecting Tamil Nadu seamlessly to global trade routes, fostering economic growth and attracting international businesses.

The investment signals the government's commitment to bolstering infrastructure, ultimately benefiting various sectors such as manufacturing, agriculture, and commerce. The deal underscores Tamil Nadu's proactive approach to stay competitive in the global market, reinforcing its position as a key player in the logistics and trade domain.

Key stakeholders anticipate that this initiative will not only elevate Tamil Nadu's standing in the logistics sector but also create numerous job opportunities, stimulating economic development. The collaboration with Hapag-Lloyd aligns with the state's vision for a robust and integrated logistics network, setting the stage for a transformative impact on Tamil Nadu's economic landscape.

In a landmark move, the Tamil Nadu government has sealed a ?2.5 billion deal with global shipping giant Hapag-Lloyd to revolutionize the state's logistics landscape. The agreement focuses on establishing cutting-edge container terminals and logistics parks, marking a significant stride towards enhancing trade and commerce in the region. This collaboration is poised to bring state-of-the-art facilities, boosting the efficiency of cargo handling and transportation. The strategic placement of the terminals and parks will play a pivotal role in connecting Tamil Nadu seamlessly to global trade routes, fostering economic growth and attracting international businesses. The investment signals the government's commitment to bolstering infrastructure, ultimately benefiting various sectors such as manufacturing, agriculture, and commerce. The deal underscores Tamil Nadu's proactive approach to stay competitive in the global market, reinforcing its position as a key player in the logistics and trade domain. Key stakeholders anticipate that this initiative will not only elevate Tamil Nadu's standing in the logistics sector but also create numerous job opportunities, stimulating economic development. The collaboration with Hapag-Lloyd aligns with the state's vision for a robust and integrated logistics network, setting the stage for a transformative impact on Tamil Nadu's economic landscape.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?