Beware the quantum computers
Today’s encryption technology will be putty in the hands of those running the post-quantum world. How equipped ...
A view of the International Container Transhipment Terminal (ICTT), Vallarpadam at Kochi in Kerala (File Photo)
Cochin Port Trust is expected to sign over 25 memorandums of understanding (MoUs) worth around ₹3,000 crore at the 2nd Maritime India Summit 2021 scheduled to be held on March 2 to 4.
These MoUs will majorly be signed between Fertilisers and Chemicals Travancore Limited (FACT), Kottayam Port and ICD Services, IOCL, and IGTPL, among others. The MoUs will be signed in areas like dredging for maintenance of channels and basins, coastal connectivity, cargo handling, tourism-related projects, aviation fuel terminal, and deepening and widening of port channels, among others, senior port officials said.
Also read: In second edition of Maritime India Summit, govt eyes more “non-binding” MoU’s
The port has already started attracting investments in upgrading infrastructure facilities and new projects as part of promoting maritime trade. The new investments, according to officials, will create more job opportunities.
The port will sign an MoU with BPCL for movement of petrochemicals to the West Coast through Kochi Port and lighterage operations. The development of a free trade warehousing zone near the International Container Transshipment Terminal will also be signed during the meet. Petronet LNG will establish a gasing up and cooling down unit in the Vypeen Special Economic Zone.
FACT is to augment its cargo handling facility at the port. Terminal operator DP World has plans to establish a cryogenic warehouse at the port, while IndianOil is planning to set up a lube oil unit and an aviation fuel terminal, the officials said.
The other investors are Parisons Infrastructure, Great Seas Services LLP, Cochin Cements, Greenix Ventures and REC Global. The District Tourism Promotion Council has come up with a project to set up a water sports complex, performing arts centre and sound and light show.
The port has also asked IIT Madras to conduct a study on utilising the sand dredged to deepen the port channel. The yearly outgo on maintenance dredging is around ₹90 crore, a recurring expenditure, the officials added.
Today’s encryption technology will be putty in the hands of those running the post-quantum world. How equipped ...
Rocketship’s Anand Rajaraman on getting pitches from places like Rameswaram and Patna
Bengaluru-based Archeron group plans to open five banks that are run entirely by AI and quantum technologies
Ably skippered by N Srinivasan, India Cements is upping its post-Covid-19 game by expanding capacity
Three-in-one: Passive debt funds come at a low cost and have high-quality portfolios. Some offer return ...
Trend in the rupee movement and Q4 earnings can give direction to the market
There is room for improvement in fund transfer options
Silver looks positive but lacks the higher volumes required to substantiate bullishness
In an age of falling female workforce participation, worsened by the Covid-19 pandemic, policy makers and ...
An ode to writer and great-uncle Ved Mehta, and Ekarat, the friend who wrote and quit on his own terms
A market run by women tells the inspiring story of female entrepreneurship in the North East
Murder is a theme that is unlikely to darken and yellow with time, the writer Truman Capote had once said.
Marketers are padded up, sponsorship deals have been struck, and campaigns are rolling out. Now let the games ...
And what marketers can possibly do to bring it back in our lives
The agency has changed form over the years but its lustre has not dimmed
Media Factory has purchased the majority stake held by Sam and Lara Balsara of Madison World in Madison Media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor