India launches new projects at Kamarajar Port in Tamil Nadu
The Government of India has begun several new projects under its Sagarmala programme at the Kamarajar Port situated in Tamil Nadu.
A sum of Rs2,500bn ($38bn) has reportedly been earmarked to spend in Tamil Nadu under the Sagarmala initiative, including Rs390bn ($6bn) for port modernisation, Rs550bn ($8bn) for port connectivity, and Rs1,500bn ($23bn) for port-led industrialisation.
The new developments also include the construction of an Rs12.7bn ($197m) container terminal, which will be designed to provide more container-handling facilities for traders.
Additionally, the terminal will facilitate new industries and ancillaries in the wider vicinity of the port. It is also expected to create job opportunities in the region.
A new multi cargo terminal worth an estimated Rs1.51bn ($23m) will also be built in order to provide the port with greater multi-cargo handling capabilities.
Plans have been outlined in the Sagarmala initiative for the construction of a new Rs6bn ($9m) railway line to the port’s container and multi cargo terminal.
The rail line is expected to reduce the logistical costs, as well as alleviate loads and decongestion along nearby roads.
Construction of new radio-frequency identification (RFID) system worth an estimated Rs118.2m ($1.8m) will also be carried out under the recently launched project.
The work being done under Sagarmala is expected to create nearly 200,000 direct jobs in Tamil Nadu over the next two years.
The government previously announced in March that 415 projects will be developed at ports located across the country under Sagarmala, requiring a total investment of roughly Rs8,000bn ($124bn).