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Depreciation of Rupee hits port development: Vasan

Depreciation of Rupee hits port development: Vasan

The Union Shipping Minister GK Vasan recently said that the falling value of rupee will stro­ngly affect port development works in the country and its shipping industry. The present economic crisis in India has affected employment opportunities of even cad­ets trained at the Shipping Corporation of India (SCI)-run Maritime Training Institute (MTI), the Minister added.

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Potential of Thoothukudi as Industrial hub

Potential of Thoothukudi as Industrial hub

As the Tamil Nadu government targeting the southern parts of the state for industrial development, Thoothukudi on July 27 launched a two-day roadshow to woo investors in Chennai. Former president of The All India Chamber of Commerce and Industries T Vel Shankar said the idea was to make Thoothkudi the investment hub.