Shipyard in Tuticorin at 1,500 Crore

The Tuticorin Port has firmed up plans to build a shipyard on a build-operate-transfer or lease basis at a cost of Rs 1,500 crore, which will build six panamax size vessels in a year.

"Chennai-based Goodearth Maritime has prepared a pre-feasibility report by engaging international consultant Kora Maritime Consultant Company of Korea. The board of Tuticorin will consider this proposal and call for EoIs shortly," said a Tuticorin Port official.

Source: Business Standard