Home » News » VOC Port signs 45 MoUs for Rs. 27,000 crores investment

VOC Port signs 45 MoUs for Rs. 27,000 crores investment

Till date, 45 MoUs have been singed by VOCPT for a total investment of Rs. 27,000/- crores.
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The flagship initiative of the Ministry of  Ports, Shipping & Waterways, Government of India,  Maritime India Summit-2021 is being organized on a  virtual platform from 2nd to 4th March 2021, showcasing the global investment opportunities in the Indian Maritime Sector.

The Summit with distinct interactive sessions focusses on various aspects of Maritime sector such as developing world class Ports, latest trends and opportunities in Maritime financing, Port Led Industrialization, promoting bulk cargo, coastal shipping, cruise & passenger movement, Human Resource skilling, hinterland connectivity and Ease of Doing Business. Key speakers include important decision makers from International and Indian Maritime fraternity.

Chairman, VOC Port, Shri T.K. Ramachandran, IAS, will chair the plenary session on Ease of Doing Business, Coastal Shipping, Hinterland Connectivity and Multi-modal logistics on 3rd March, 2021. Eminent speakers from Antwerp, Rotterdam, Germany, and India would be addressing on the above themes.

The virtual summit which showcases the various informative discussions, exhibitor pavilions and investment opportunities will be attended by over 3 lakh delegates from across the world. Registration to the e-summit is free and everyone is encouraged to register themselves through the website www.maritimeindiasummit.in .

All the 12 major Port of the country are key stakeholders & organizers of the Maritime India Summit -2021. As a part of the pre-summit preparation, all the Ports are exploring investment tie-ups with the Industry & Maritime stakeholders.

Totally, till date, 45 MoUs have been singed by VOCPT  for a total investment of Rs. 27,000/- crores. The key MoUs include, MoU with Port of Antwerp for training of employees of VOCPT, AL Qebla Al Waty (AQAW) for setting up of Petroleum refinery and Petrochemical complex and its associated storage and infrastructure at VOCPT at an investment of Rs.20,000/- crores, M/s. LNG Alliance Pte Ltd., for Development of LNG Terminal and LNG Bunkering hub at VOCPT at an investment of Rs.2468/- crores, SPICOT for development of Hybrid Wind & Solar Power Generation facility at an investment of Rs.1000/- crores, Frontier Shipping & Logistics for development of Cruise Tourism, Adventure Water Sports in Tuticorin and operating Ro/PAX ferry service connecting Kanyakumari -Tuticorin – Rameswaram, at an investment of Rs.275/- crores.

Recently, the Port had signed 4 MoUs viz.,

  1. MoUs worth Rs. 110 cr. was signed between Indian Oil Corporation Limited  and the Port for development of Energy facilitation center and large format retail outlets,  development of bitumen and pet coke storage and Marketing facilities, and establishing bunkering facilities at VOC Port.
  2. MoU worth Rs. 120 cr. was signed between Ultra Tech Cement and VOC Port for establishing Bulk Terminal at VOC Port for handling cement.
  3. MoU worth Rs. 7 cr. was signed between KSE Limited  and VOC Port for construction of warehouse facilities.

MoU with M/s. Snows Shipping  for revival of Dry Docking, Ship Repair and Boat building facilities in and around the Port.

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