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Approval has been given to Cochin Port Trust for setting up a port-based Special Economic Zone at Vallarpadam/ Puthuvypeen near Cochin over an area of about 448 hectares on the basis of proposal received from the Port Trust. The estimated cost of the project is about Rs. 800 crore. The project is expected to be developed by Cochin Port Trust in association with the private sector. This was indicated by Shri Kamal Nath, Union Minister of Commerce & Industry, on the sidelines of the Stakeholders Conference on Tea here today.
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