Prime Minister Narendra Modi officially commissioned the Vizhinjam International Seaport in Thiruvananthapuram, which was completed at an estimated cost of Rs 8,800 crore.
Vizhinjam International Seaport
• Vizhinjam International Deepwater Multipurpose Seaport is the country’s first dedicated container transshipment port.
• Vizhinjam Port is a strategic maritime project near Thiruvananthapuram in Kerala.
• The deepwater port has been developed by Adani Ports and Special Economic Zone Ltd (APSEZ), part of the Adani Group, under a public-private partnership.
• The world class, future ready port is closest to the international shipping routes.
• It has a natural draft of 20-24 m and minimal littoral drift. Some of the largest container vessels in the world will be able to dock here.
• Vizhinjam Port offers large scale automation for quick turnaround of vessels with state-of-the-art infrastructure to handle megamax containerships.
• The port is expected to transform India’s role in international trade and shipping.
• Vizhinjam’s strategic location near international shipping routes significantly reduces transit times for vessels, making it a pivotal point for maritime trade.
• The development of the Vizhinjam Port is poised to boost Kerala’s economic growth by creating jobs, enhancing trade, and attracting investments.
• Vizhinjam Port, having strategic importance, has been identified as a key priority project which will contribute in strengthening India’s position in global trade, enhance logistics efficiency, and reduce reliance on foreign ports for cargo transshipment.
• Vizhinjam is set to become a key player in regional trade, potentially serving as a gateway for commerce between Southeast Asia, the Middle East, and Africa.
Why India needs deepwater container transshipment port?
• India has 12 major ports, but lacks a landside mega-port and terminal infrastructure for ultra-large container ships.
• As a result, nearly 75 per cent of India’s transshipment cargo is handled at ports outside India, primarily in Colombo, Singapore, and Klang.
Developing a port into a transshipment hub offers several benefits:
i) Forex savings
ii) Foreign direct investment
iii) Increased economic activity at other Indian ports
iv) Development of related logistics infrastructure
v) Employment generation
vi) Improved operational/logistics efficiencies
vii) Increase in revenue share.
viii) It also stimulates related businesses, including ship services, logistics, and bunkering.
ix) A deepwater container transshipment port can attract a significant share of the container transshipment traffic currently diverted to Colombo, Singapore, and Dubai.
(The author is a trainer for Civil Services aspirants.)