ENA State 2024-02-02 14:37:43 <p><span style="font-size:14px"><strong>Chennai, Feb 2 (KNN)</strong> In a significant development for Tamil Nadu's economic landscape, Hapag-Lloyd, a global leader in container shipping, has formalised a strategic partnership with the Tamil Nadu state government.</span></p> <p><span style="font-size:14px">A memorandum of understanding (MoU) was signed on Wednesday, solidifying the company's commitment to invest Rs 2,500 crore in the region.</span></p> <p><span style="font-size:14px">The signing ceremony took place in Madrid, Spain, where Hapag-Lloyd's Managing Director, Jesper Kanstrup, and Director, Albert Lorente, met with Tamil Nadu Chief Minister M K Stalin.</span></p> <p><span style="font-size:14px">During the meeting, Chief Minister Stalin highlighted the promising investment opportunities within the state and urged Hapag-Lloyd to consider Tamil Nadu for its expansion plans.</span></p> <p><span style="font-size:14px">As per the official release, Hapag-Lloyd intends to utilise the INR 2,500 crore investment to establish state-of-the-art logistic facilities in Tuticorin and various other locations across Tamil Nadu.</span></p> <p><span style="font-size:14px">This strategic move is expected to create around 1,000 job opportunities and catalyse future industrial growth in the state.</span></p> <p><span style="font-size:14px">The signing ceremony was witnessed by Chief Minister Stalin and Industries Minister TRB Rajaa.</span></p> <p><span style="font-size:14px">In a parallel development, Laura Berjano, the Head of International and Institutional Relations at Abertis, a Spain-based high-quality motorway operator, expressed interest in investing in Tamil Nadu.</span></p> <p><span style="font-size:14px">Chief Minister Stalin emphasised the importance of strengthening road infrastructure to foster industrial development, aligning with the state government's efforts to enhance logistics and container terminal facilities.</span></p> <p><span style="font-size:14px">Tamil Nadu has been actively working towards bolstering its infrastructure, including the development of container terminals and logistics parks.</span></p> <p><span style="font-size:14px">The state government unveiled an exclusive logistics policy last year, showcasing its commitment to creating a conducive environment for industrial growth.</span></p> <p><span style="font-size:14px">This collaboration between Hapag-Lloyd and the Tamil Nadu government marks a significant milestone and is poised to contribute substantially to the state's economic progress by fostering job creation and industrial development.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 36536 https://knnindia.co.in/news/newsdetails/state/german-shipping-container-giant-hapag-lloyd-to-invest-rs-2500-crore-in-tamil-nadu 2024-02-02 14:37:43 knnindia.co.in