Tamil Nadu govt, Hapag-Lloyd sign MoU worth Rs 2500cr to develop MMLP

Tamil Nadu government has signed MoU with Hapag-Lloyd, German container shipping company which will make a substantial investment of INR 2,500 crore towards the development of container terminals and logistics parks in Thoothukudi and other regions within the state. The signed agreement is anticipated to generate employment opportunities for 1,000 individuals, as per the official release.
Recognizing the pivotal role of efficient freight transport in the widespread industrial development of Tamil Nadu, the government is undertaking initiatives to enhance infrastructure, including the establishment of container ports and logistics parks at the state’s four major ports.