PM Modi inaugurates Tuticorin Container Terminal, boosting India’s maritime growth

Prime Minister Narendra Modi inaugurated the Tuticorin International Container Terminal in Tamil Nadu virtually, marking a significant step in India's maritime development. The government is investing over Rs 7,000 crore to enhance the capacity of the VO Chidambaranar Port, which is poised to become a major hub for maritime trade with its three major and 17 non-major ports. The new terminal features a deep draft of over 14 meters and a berth exceeding 300 meters, which will significantly improve the port's operational capacity. The terminal is expected to lower logistics costs and conserve foreign exchange, contributing to the nation's economic growth. PM Modi highlighted the terminal's commitment to gender diversity, with 40% of its workforce being women, showcasing a progressive approach in the maritime sector. This initiative aligns with India's broader goals of sustainable development and innovation. Additionally, the VOC Port is being recognized as a Green Hydrogen hub and a key port for offshore wind energy, reflecting India's commitment to sustainable practices. The Prime Minister emphasized that this development is part of a larger strategy to position India as a major player in the global supply chain, aiming to elevate the country to the world's third-largest economy. Tamil Nadu's strategic location and infrastructure improvements are crucial in this endeavor, as they enhance connectivity through roadways, highways, waterways, and airways. This comprehensive approach is expected to drive significant growth in trade and economic activities in the region, reinforcing India's position in global commerce.