The Indian government is planning to build 1 million twenty equivalent unit (TEUs) mega transhipment hub near Tuticorin in Tamil Nadu with an investment of Rs. 5000 crore. The capacity may be increased by four times in phases in coming years. The government is also planning five new ports in West Bengal, Maharashtra, Tamil Nadu, Karnataka and Andhra Pradesh with an investment of Rs.25000 crore. The government is getting the detailed project reports prepared for the same.
Extraxcted from ET, Oct 22,’15