Good Earth to build shipyard at Cuddalore

Good Earth Maritime Ltd will build a shipyard at Cuddalore in Tamil Nadu, with an investment of Rs 1,000 crore. The company has floated a special purpose vehicle (SPV)- Good Earth Shipbuilding Pvt Ltd-for the purpose. Tamil Nadu Maritime Board, in presence of Tamil Nadu chief minister M Karunanidhi, signed a memorandum of understanding (MoU) with the new company at the state secretariat here on Thursday.