Tandgedo-VOC Port Sign MoU for Coal Jetty
India's V.O. Chidambaranar (VOC) Port is all set for a four-fold increase in the capacity of two of its Coal Jetties – Jetty I and II from 6.25 million metric tonnes per annum to 24 MTPA. The state-run power utility Tamil Nadu Generation and Distribution Corporation (Tangedco) has signed a memorandum of understanding (MoU) with VOC, Tuticorin for the construction of new Coal Jetty I and provision of shore unloaders and conveyor systems. The Minister of Shipping and Road Transport and Highways Nitin Gadkari and Minister for Electricity, Prohibition and Excise, Government of Tamil Nadu P. Thangamani were present on the occasion. Speaking on the occasion, Gadkari said that the project would benefit both Tangedco and the VOCPT.
India Plans Expansion of Auto Exports
Ennore Port Limited (EPL), Chennai and Ford India Private Limited have signed an agreement for export of Ford cars though the Ennore port for a period of 10 years. Speaking on the occasion the Union Minister for Shipping Shri G.K. Vasan said that this is a part of series of initiatives by the UPA government for attracting investments in the infrastructure sector, particularly in ports and automobile sectors. The agreement provides for various volume based discounts on wharfage by EPL ranging from5-30% to encourage more exports through EPL. Ford India Private Limited has set up a modern integrated manufacturing facility at Maraimalai Nagar, near Chennai, for export of their automobile products.
