Business Companies 12 Oct 2022 Adanis get Letter of ...

Adanis get Letter of Intent for Tajpur port in West Bengal

DECCAN CHRONICLE. | RAJIB CHOWDHURI
Published Oct 12, 2022, 8:31 pm IST
Updated Oct 13, 2022, 8:26 pm IST
A file photo of West Bengal Chief Minister Mamata Banerjee and Adani Group Chairman Gautam Adani. (PTI Photo)
 A file photo of West Bengal Chief Minister Mamata Banerjee and Adani Group Chairman Gautam Adani. (PTI Photo)

Kolkata: The Mamata Banerjee government on Wednesday handed over the Letter of Intent (LoI) to Adani Group for the development of Tajpur Port at an investment of ₹25,000 crores in East Midnapore of West Bengal.

Adani Group owner Gautam Adani's son Karan Adani, who is the CEO of Adani Ports and Special Economic Zone (APSEZ), received the LoI from state industries minister Shashi Panja in presence of the CM at a Bijoya Sammilani event in the city.

On September 19 the state cabinet gave its approval for issuance of the LoI to the APSEZ for the project which will have deep draft of 12.1m with 18KM channel and with a tidal support of 3.9 m leading to a net 16m draft facility enabling large cape size vessels of one lakh DWT.

According to the state government, the project "would create 25 thousand jobs directly besides indirect jobs which would touch one lakh. This deep-sea port will usher in a new era of growth in the state, including in the hinterland areas. The Greenfield port will provide quick access to the world markets to Bengal based industries."

It said, "In fact, all the Eastern states and North East India will be benefited from the dramatically improved connectivity of the port through highways and integrated inland waterways. It will also be linked to the Industrial & economic corridor from Dankuni to Raghunathpur, being developed by the state. Once functional, the port will improve regional logistics and export efficiency of the state and unlock huge industrial & economic opportunities."

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