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West Bengal govt nod for issuance of LoI for Tajpur Port development

Tuesday, 20 Sep 2022
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West Bengal Government has accorded its approval for issuance of Letter of Intent (LoI) by West Bengal Maritime Board for development of the Tajpur Port to Adani Ports and Special Economic Zone (APSEZ). 
The port will entail an investment of around Rs 15,000 crore. The related port led infrastructure development will see investment of another Rs 10,000 crore. 
Once functional, the port will improve regional logistics and export efficiency of the state and unlock huge industrial and economic opportunities. 
The state government had decided to invite expression of interest to develop Tajpur Port in Purba Medinipur district of West Bengal. 
APSEZ had emerged as the highest bidder (H1) against the request for proposal (RFP) floated by the State Industry, Commerce and Enterprises Department. 
Following the technical and financial evaluation and completion of all formalities, the Cabinet on 19 September 2022, accorded approval for issuance of LoI by West Bengal Maritime Board for development of port. 
The project will involve a total investment of around Rs 25,000 crores and create 25,000 jobs directly and more than one lakh jobs indirectly.
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