DP World signs MoU worth INR 2000 crore with Tamil Nadu Government

UAE-based logistics major DP World is investing around INR 2,000 crore in a slew of projects in Tamil Nadu, including setting up of a new container terminal, cold storage and seafood processing zone among other units.
Some of the other projects lined up include a free trade zone with an integrated rail siding, a minor port in the Eastern Coast of Tamil Nadu and inland container depots in Erode, Karur and Tirupur.
“These projects may create employment for 4,500 people (1,500 direct and 3,000 indirect),” a government official said.
DP World has signed a memorandum of understanding with the state government seeking facilitation support required for the projects.