Thursday, November 09, 2006

Cuddalore to have ship building yard - News Today

The Chennai-based Good Earth Maritime Ltd has proposed to invest Rs 1,000 crore in Cuddalore for setting up a world class ship building yard and had applied to Tamilnadu Maritime Board for project clearance.

In connection with the project, Anandan, chairman and managing director of the company and Dr Shin, its technical advisor and also chairman of Korea Maritime Consultants, met the Chief Minister M Karunanidhi at the Secretariat today.

According to an official release, out of the proposed investment, Rs 500 crore would be invested in the first phase and the yard would employ nearly 5,000 people directly and give indirect employment to 20,000 full story>>

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