GVK group plans to
foray into port sector by setting up a maritime city at Okhamadhi port in
Gujarat. The group has also initiated talks with Malaysia based YTL Corporation
for the project.
The company has
proposed investment to the tune of Rs.4,000 crore to the Gujarat government,
however the investment could go higher depending on the size of the project.
The company plans to
develop an all-weather lagoon port at Okhamadhi in the next few years. The port
will harbor a cargo as well as container terminal. The company has been allotted land and received all necessary clearances from the state government.