Tuticorin International Container Terminal Inaugurated by Prime Minister Modi
Key Ideas
- Prime Minister Modi hails the Tuticorin International Container Terminal as a milestone in India's marine infrastructure, highlighting its role in reducing logistics costs and enhancing port capacity.
- The terminal, developed at Rs 434 crore, is expected to handle 6 lakh TEUs annually, operated by the JM Baxi Group, and aims to save up to $200 per container, optimizing annual operational costs by $4 million.
- Modi emphasizes India's commitment to sustainable development, positioning the VOC Port as a green hydrogen hub and a key player in offshore wind energy, contributing to global climate change mitigation efforts.
- Union Minister Sonowal inaugurates green hydrogen projects, a rooftop solar power plant, and various other initiatives under the 'Harit Sagar Green Port Initiative', showcasing India's focus on renewable energy and port safety enhancements.
Prime Minister Narendra Modi inaugurated the Tuticorin International Container Terminal (TICT) at the VO Chidambaranar Port in Thoothukudi, India, describing it as a significant step in India's journey towards becoming a developed nation. The terminal, developed at a cost of Rs 434 crore, is capable of handling 6 lakh TEUs of containers annually and is operated by the JM Baxi Group. Modi highlighted the terminal's role in enhancing port capacity, reducing logistics costs, and promoting sustainable development. He also praised the VOC Port for its initiatives in green hydrogen and offshore wind energy. Union Minister Sarbananda Sonowal, in his address, emphasized the economic impact of the new terminal, stating it would save up to $200 per container, leading to an annual operational cost optimization of nearly $4 million. Sonowal also inaugurated green hydrogen projects, a rooftop solar power plant, and various safety enhancements under the 'Harit Sagar Green Port Initiative', showcasing India's commitment to renewable energy and port safety. The event witnessed the signing of land lease agreements with major companies, further highlighting India's focus on green initiatives and economic growth.
Topics
India
Sustainability
Green Energy
Infrastructure Development
Maritime Industry
Economic Impact
Women Empowerment
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