According to a statement from the state government, the port would entail an investment of Rs 15,000 crore.
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
West Bengal Govt Hands Over Letter Of Award For Tajpur Port To Adani Ports
At the event attended by industrialists and CEOs, Banerjee pointed to the growth in agricultural output and said, "Similarly, we have to take care of industry and investment."
Topics
Adani Ports | West Bengal | Karan Adani
The West Bengal government on Wednesday handed over the Letter of Award for development of a deep-sea port at Tajpur to Adani Ports.
It was received by Karan Adani, CEO, Adani Ports and Special Economic Zone (APSEZ) at a post-Durga puja event hosted by the state government in the presence of Chief Minister, Mamata Banerjee.
In a stock exchange filing, APSEZ said that the company has received Letter of Award from West Bengal Industrial Development Corporation for development of deep-sea port at Tajpur, West Bengal on Design, Build, Finance, Operate and Transfer basis.
At the event attended by industrialists and CEOs, Banerjee pointed to the growth in agricultural output and said, "Similarly, we have to take care of industry and investment."
The hand-over of the LoA for the port at Tajpur follows the Bengal Cabinet approval last month for issuing it.
According to a statement from the state government, the port would entail an investment of Rs 15,000 crore.
The related port-led infrastructure development would involve another Rs 10,000 crore, it said. According to the government, the project would create 25,000 jobs directly.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Wed, October 12 2022. 21:41 IST
RECENT NEWS
The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty
In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more
Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more
Transforming Financial Operations With Robotic Process Automation
Author: Ricardo Goulart ... Read more
The Role Of Machine Learning In Fraud Detection
Author: Gerardine Lucero  ... Read more
Principles Of Islamic Banking And Finance
When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more