Financial Daily from THE HINDU group of publications
Wednesday, Jun 15, 2005

Port Info

Group Sites

Industry & Economy - Infrastructure
Logistics - Shipping

Sethusamudram project at core of CII report

Our Correspondent

It also emphasised the need to provide international air connectivity to Madurai and reactivating the Tuticorin airport, the report said.

Madurai , June 14

A CII-SPONSORED study titled `Industrialisation of southern districts - the unexplored opportunity' has come up with a model `Southern Prosperity Through Enhanced Economic Development (SPEED)', which, if executed, will propel the region into a higher degree of economic development.

The report suggests implementation of a series of schemes involving a total investment of Rs 33,375 crore.

This includes the Sethusamudram Ship Channel Project at an outlay of Rs 2,233 crore, and road development projects connecting Tuticorin at a few thousand crores of rupees.

The report envisages the development of Madurai as a manufacturing hub, Tuticorin as a service hub, a knowledge corridor linking Madurai, Virudhunagar, and Tirunelveli districts, and a tourism corridor connecting Madurai, Ramanathapuram, and Kanyakumari districts.

The focus in the first phase should be on the development of infrastructure and promotion of Tuticorin as a hub.

These, in turn, will provide acceleration to the development of the satellite centres, the report said.

If the Sethusamudram Ship Channel Project is completed as planned, vessel movement is expected to be in the order of 3,055 transits in 2008 and go up to 7,141 by 2025.

Besides facilitating movement of cargo and passengers, this will also give an impetus to tourism in the region.

Along with these, the hospitality industry will also gain momentum.

Combined with the heritage tourism in the Chettinad area of Sivagangai district, there is bound to be a leap, the report added.

It also emphasised the need to provide international air connectivity to Madurai and reactivating the Tuticorin airport. Stating this as an "urgent need", the report is emphatic that the initiative would help to develop the port as an export and service hub.

Sources in Tuticorin Port Trust expect a fillip in the demand in the ship building industry for Sethusamudram-specific vessels, as only vessels of 10-m draft would be allowed to sail through this channel.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
India Inc scores high on hiring prospects in Q3, says survey

Take up bio-diesel plantation: AP CM
Indian model for solar energy promotion hailed
Commerce Ministry to review dumping duty on caustic soda
Entries called for FAPCCI awards
Capexil seeks Rs 5,000-crore fund to upgrade technology
Himachal Ski Village project `makes some progress'
ONGC row with IFFCO, GSFC on dues recovery deepens
PM urges trade panel to chalk out plans to boost ties with US
Deshmukh to visit US
Sign preferential pacts only if it enhances trade: Plan panel
Kerala: 101 blood donors honoured
AP: Govt panel to look into extending hotel closure times
Sethusamudram project at core of CII report
Delay in Paradip-Haldia pipeline
Crude lighterage may be handled at Sandheads till March

Textile exports to US down in April
`SMEs may be hit if interest rate cap on export credit is hiked'
Codissia loan mela
ECL's Rajmahal mine expansion nearing completion
Education and career fair from June 24 to 26
Mall rentals witness price correction
Grey area
Petition to restrain Tata Steel from mining in Tirunelveli
NMP unions stage protest against port divestment
Hyundai Mobis among 19 FDI proposals cleared
Common 'smart ID cards' for PF, ESIC on cards
Rs 150-cr outlay to assist AP tribal families
Kerala Govt to issue one lakh title deeds
Nabard sanctions for AP
Labour law `provides windows of opportunity'
Contractors' body asks labourers to end `illegal' strike at VSP
`UAE in India' expo to be held in Mumbai
PlastIndia expo in Delhi
Wheat tops Rs 7,500/t; imports may be dearer
Exports register 22% growth in May
Tea exports to West Asia, North Africa increase
NDDB chief made member of co-op movement panel
New IIPE chief

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line