The Chennai Port Authority (ChPA) is set to sign 13 Memorandums of Understanding (MoUs) with a total economic value of approximately ₹74,000 crore as part of the Global Maritime India Summit 2023 (GMIS 2023). The aim is to boost investment in the port’s hinterland. On Wednesday, the ChPA signed MoUs with seven companies worth around ₹9,000 crore, including the Defence Research Development Organisation and Indian Oil Corporation Ltd. As part of the upcoming GMIS 2023 in Mumbai from October 17 to 19, the ChPA will sign MoUs with CPCL, Hyundai Motors India Ltd, KTV Health Food Pvt Ltd, MSC Agencies India Pvt Ltd, Saint Gobain Pvt Ltd, and L&T. The total value of these six MoUs will be around ₹65,000 crore. A special session on Tamil Nadu will be jointly organized by the State government and the Chennai Port Authority on October 17.
The Chennai Port Authority aims to attract significant investment in the port’s hinterland through the signing of 13 MoUs during the Global Maritime India Summit 2023. The MoUs, with a total economic value of around ₹74,000 crore, will be signed with various companies, including the Defence Research Development Organisation and Indian Oil Corporation Ltd. In addition, the ChPA has already signed MoUs with seven companies worth around ₹9,000 crore. The upcoming GMIS 2023 in Mumbai will provide further opportunities for investment, with the ChPA set to sign MoUs with six more companies, including Hyundai Motors India Ltd and Saint Gobain Pvt Ltd. A special session on Tamil Nadu will also be held during the summit, jointly organized by the State government and the Chennai Port Authority.
The signing of these MoUs by the Chennai Port Authority is part of its efforts to attract investment and boost economic growth in the port’s hinterland. The total economic value of the 13 MoUs is estimated to be around ₹74,000 crore. These MoUs will be signed with a range of companies, including the Defence Research Development Organisation and Indian Oil Corporation Ltd. The ChPA has already signed MoUs with seven companies worth approximately ₹9,000 crore. The upcoming Global Maritime India Summit 2023 in Mumbai will provide further opportunities for investment, with the ChPA set to sign MoUs with six more companies, including Hyundai Motors India Ltd and Saint Gobain Pvt Ltd. A special session on Tamil Nadu will also be held during the summit, jointly organized by the State government and the Chennai Port Authority.
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