Chennai port signs MoUs worth ₹9,000 crore ahead of maritime summit

Chennai port signed memoranda of understanding (MoUs) with several companies ahead of the third edition of the ‘Global Maritime India Summit 2023.’ The economic value of the MoUs signed is ₹9,000 crore. Defense Research Development Organisation, Indian Oil Corporation Limited, Gulf Oil Lubricants India Limited, POSCO India Chennai Steel, Coromandel International Limited, Elite Shipping Agencies India Pvt Ltd and IPRCL are the among the companies. More MoUs, whose economic value will be ₹65,000 crore, will be signed during the summit.