The West Bengal government on Monday approved issuance of letter of intent (LoI) to Adani Ports and Special Economic Zone (APSEZ) for the proposed greenfield port at Tajpur in Purba (East) Medinipur. In a press statement, the state government said the Cabinet accorded approval for issuance of LoI by the West Bengal Maritime Board for development of the Tajpur Port to APSEZ.
As per state urban development minister Firhad Hakim, investment in the project is pegged at Rs 25,000 crore. He said that it would create 25,000 jobs directly and more than 100,000 jobs indirectly.
Once functional, the port will improve regional logistics and export efficiency of the state. It would unlock the huge industrial and economic opportunities, the statement said.