+
Vedanta, Abu Dhabi Ports Bid for Rs.70.56 Bn Container Terminal at VOC Port
PORTS & SHIPPING

Vedanta, Abu Dhabi Ports Bid for Rs.70.56 Bn Container Terminal at VOC Port

Vedanta Limited and Abu Dhabi Ports have submitted initial bids for the development of a ?70.56 billion container terminal at V.O. Chidambaranar (VOC) Port in Tamil Nadu. This project aims to significantly enhance the port's capacity and operational capabilities, boosting trade and maritime logistics in the region.

The container terminal project at VOC Port is part of India's strategic efforts to expand its maritime infrastructure and handle larger volumes of cargo efficiently. The development is expected to cater to the growing demand for container handling services and support international trade flows.

Vedanta and Abu Dhabi Ports' bids underscore their commitment to investing in India's port sector and leveraging VOC Port's strategic location on the east coast. The terminal is envisioned to feature advanced handling equipment and state-of-the-art facilities, aligning with global standards of port operations.

The expansion project is poised to create substantial employment opportunities and stimulate economic growth in Tamil Nadu. It is anticipated to enhance the port's competitiveness, attract more shipping lines, and bolster trade connectivity with major global markets.

The bidding process highlights robust competition among leading global players keen on contributing to India's maritime infrastructure development. The successful implementation of the container terminal project is expected to enhance VOC Port's role as a pivotal hub for maritime trade in South India.

As the project progresses, stakeholders anticipate significant socio-economic benefits for the region, including improved logistics efficiency, reduced turnaround times for vessels, and enhanced competitiveness of Indian exports in the global market.

Vedanta Limited and Abu Dhabi Ports have submitted initial bids for the development of a ?70.56 billion container terminal at V.O. Chidambaranar (VOC) Port in Tamil Nadu. This project aims to significantly enhance the port's capacity and operational capabilities, boosting trade and maritime logistics in the region. The container terminal project at VOC Port is part of India's strategic efforts to expand its maritime infrastructure and handle larger volumes of cargo efficiently. The development is expected to cater to the growing demand for container handling services and support international trade flows. Vedanta and Abu Dhabi Ports' bids underscore their commitment to investing in India's port sector and leveraging VOC Port's strategic location on the east coast. The terminal is envisioned to feature advanced handling equipment and state-of-the-art facilities, aligning with global standards of port operations. The expansion project is poised to create substantial employment opportunities and stimulate economic growth in Tamil Nadu. It is anticipated to enhance the port's competitiveness, attract more shipping lines, and bolster trade connectivity with major global markets. The bidding process highlights robust competition among leading global players keen on contributing to India's maritime infrastructure development. The successful implementation of the container terminal project is expected to enhance VOC Port's role as a pivotal hub for maritime trade in South India. As the project progresses, stakeholders anticipate significant socio-economic benefits for the region, including improved logistics efficiency, reduced turnaround times for vessels, and enhanced competitiveness of Indian exports in the global market.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?