India: Universal Lubricant Eyes Azhikkal Port Development

Universal Lubricant Group is preparing plans for the Azhikkal Port development and has already earmarked Rs 150 crore for this project, according to infrawindow.com.

Karimpuzha Raman, Director of Universal Lubricant, stated: “We have yet to make a detailed plan before the Government in this regard. However, the company has already sent its investment proposals to the Government and also participated at the recently concluded Emerging Kerala investor meet showing interest in taking up the project under PPP mode.”

He said that the company proposes to develop the facility at Azhikkal in two phases.

“Once developed, the company could generate ample job opportunities in the region both direct and indirect,” concluded Raman.

The port officials said that the Azhikkal port has great potential to be very competitive as an intermediate port.

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Dredging Today Staff, October 10, 2012