During the third Global Maritime India Summit 2023, which will take place in Mumbai from October 17 to 19, Kamarajar Port Ltd will sign 24 Memorandums of Understanding with various partners.

A special event was held at the port to formally announce the signing of memorandums of understanding with the various corporations for projects totaling roughly Rs. 1,800 crore.

Indian Oil Corporation Ltd., Ennore Tank Terminal Pvt Ltd., National Technology Centre for Port, Waterways and Coasts, Tamil Nadu's Water Resource Department, Tamil Nadu Road Development Company, Indian Port Rail and Ropeway Corporation Limited, Tamil Nadu Handicrafts Development Corporation Ltd., Industrial and Technical Consultancy Organisation of Tamil Nadu, and Tamil Nadu Water Investment Company Limited were among the organisations.

Other organisations like Jawaharlal Nehru Port Authority, Indian Maritime University and Ocean Sparkle Ltd are signing MoUs with Kamarajar Port Limited at GMIS 2023 in Mumbai.

Within the framework of GMIS 2023, Kamarajar Port Limited is formalising MoUs with an aggregate value of approximately ₹1,920 crore.

This substantial investment in the hinterland of Kamarajar Port Limited promises to significantly enhance trade and commerce in the region, aligning with the vision of Atmanirbhar Bharat Abhiyaan, says a release.