Kamarajar Port to develop port in Puducherry

The Kamarajar Port, formerly known as Ennore Port, will develop a port in Puducherry through a special purpose vehicle and also develop a free trade zone or special economic zone near its current location, said a top company official here Thursday.
The port is also looking at starting cruise service from here to Kanyakumari touching different coastal tourist destinations, the official said.
Speaking at a conference on "Approach to Integrated Maritime Systems" here organised by Confederation of Indian Industry (CII) the port's chairman and managing director M.A. Bhaskarachar, said a memorandum of understanding has been signed with the Puducherry government for the development of the port.
He said the port would be developed by a special purpose vehicle (SPV). The feasibility report has been prepared.
According to Bhaskarachar, the Kamarajar Port is planning to develop FTZ/SEZ on the 647 acres acquired from the salt department.
He said the port has held talks with the Tamil Nadu Tourism Development Corporation (TTDC) for a cruise service from here to Kanyakumari via Mahabalipuram, Puducherry and Rameswaram.
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Oct 09 2014 | 8:04 PM IST
