L&T's Rs 4,000 crore port-cum-ship building project to commence operations soon

07 Jan 2013

L&T's around Rs 4,000 crore port-cum-ship building project near Chennai is expected to commence operations soon, after Tamil Nadu Government, which did not give its nod for the project that was ready in March 2012, reported that the project is in its final stages. The announcement comes after the company held talks with the state government officials on January 1, 2 and agreed that it will take more to protect fishermen livelihood, which are living in and around the facility.

Earlier the company agreed to give jobs for 220 fishermen, and later during DMK regime it agreed to take another 850 people, however, it did not happen. Meanwhile, after the AIADMK government took charge, the company has given jobs to 131 people in the months of February and June last year and now the company has agreed to give jobs for another 120 people, of which 60 will be employed directly and another 60 will be employed after training.

Further, L&T also will be setting up a training institute in the next three months and the daily wage will be increased by Rs 20-30 from the current Rs 206.

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