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

06 Feb 2024 CW Team

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.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..