Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
Current regulations require the shipping ministry’s
nod to prevent competing projects from being permitted before capacity at
operational ports is saturated.
“This approval paves the way for customs
to set up an office at Vizhinjam port. It will be India’s first full-fledged
deepwater transshipment port,’ said
a government official. However, the final nod from the Central Board of Indirect Taxes and
Customs (CBIC) is expected to come in the next quarter, he
said.
A transshipment port is a crucial hub where cargo is
transferred from one big vessel to several smaller ones before they reach the
final port of discharge. It will now help India in its ambition to become a
manufacturing hub.
Approximately
75 per cent of India’s transshipment cargo is currently processed at ports
overseas, with destinations such as Colombo,
Singapore, and Klang handling about 85 per cent of this cargo.
The Vizhinjam Port project is located in Kerala and
was started in 2015.
Adani Ports and Special Economic
Zone Ltd (APSEZ) started the
international transshipment project in Vizhinjam, Kerala in December 2015.
Initially, the deadline of 2045 was fixed when the project was in the initial
stages. It is possible that the second and third phases are completed by 2028.
It’s estimated that approximately 75% of India’s
transshipment cargo is managed at ports located beyond its borders.
Specifically, ports in Colombo, Singapore, and Klang handle approximately 85%
of this cargo. The objective of the
project is to secure a portion of the processing for over a million containers
in India, which typically transit annually through foreign ports like those in
Colombo, Sri Lanka.
As per APSEZ, the port boasts extensive automation to
ensure swift vessel turnaround, alongside cutting-edge infrastructure tailored
for handling Megamax containerships—the largest vessels presently in operation
worldwide. Initially, its capacity in the first phase is set at 1 million TEUs,
with plans to augment this with an additional 6.2 million TEUs in subsequent
phases.
