Page 139 - CW E-Magazine (24-9-2024)

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LOGISTICS INFRASTRUCTURE

Tuticorin International Container Terminal inaugurated

at VOC Port

The Tuticorin International Container
Terminal (TICT) was inaugurated at VOC
Port in Thoothukudi, Tamil Nadu (TN)
on September 16. The foundation stone
was laid for various works, involving in-
vestment of more than Rs. 38,000-crore,
a release informed.

Mr. Sarbananda Sonowal, Union
Minister of Ports, Shipping and Water-
ways, inaugurated the new container
terminal, which is the port’s third such
terminal and will be operated by the JM
Baxi Group. It has a draft of 14.20-m, a ports and 17 non-major ports, TN has land lease agreement with ACME and
length of 370-m and spans 10 hectares, become a major hub for maritime trade. Green Infra-Renewable Energy Farms
including berth and backup area. It has Pvt. Ltd., Renew e-fuels Private Limited
the capacity to handle 6 TEUs (Twenty- Other projects and Amplus Ganges Solar Pvt. Ltd.
foot Equivalent Units) of containers. The Shipping Minister also laid the
foundation stone for Green Hydrogen The minister explained how direct
In a video message, Prime Minister Demonstration Project, a 400-KW Roof- mainline connectivity will allow exporters
Narendra Modi hailed TICT as the new top Solar Power plant, and a link con- to ship their cargo straight to their
star of India’s marine infrastructure. veyor system from Coal Jetty-I to Coal destinations, bypassing the need for
Highlighting its role in expanding the stackyard. transshipment at other ports, eliminating
capacity of the VOC Port, he said, the ter- delays and will save $200 per container,
minal will play a crucial role in enhanc- Additionally, land agreements of vari- making Indian exports more competi-
ing the capacity of the port, and reduce ous port projects were signed in his pre- tive. Additionally, it is projected to yield
logistics costs at the port. With three major sence. VOC Port Authority also exchanged annual forex savings of $4-mn.
INVESTMENT DESTINATION

No better place than India to innovate and invest

in renewable energy: PM

Prime Minister Narendra Modi has Investors Meet and Expo’ organised “There is no better place than
said that India’s leap in the renewable by the Ministry of New & Renewable India in the renewable energy sector for
energy segment offers tremendous Energy and Confederation of Indian investment and innovation,” the Prime
opportunities for investors not only in Industry (CII). Minister said. He underlined that as a
energy generation but also in the manu- developing economy, India had a valid
facturing sector. India’s renewable energy demand excuse to stay out of these commit-
is rising and the government is making ments, but did not choose that path.
“India is striving for complete made new policies to support it, he said.
in India solutions and creating many Efforts are being made for ‘Make in The country will build its future on
possibilities. It is truly a guarantee of India’ in the sector and the growth in the the basis of renewable energy sources like
expansion and better returns,” Mr. Modi segment presents a good opportunity solar, wind, nuclear and hydro, as there
said at ‘Global Renewable Energy for the same, he said. was dearth of reserves of oil and gas.

Chemical Weekly September 24, 2024 139

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