Transshipment Port

VO Chidambaranar Port will invest Rs 15,000 crore in its ambitious Outer Harbour project, which aims to increase overall cargo handling capacity and position Tamil Nadu as a major transhipment hub of southern India, a top executive has said. The investment is in addition to the Rs 1,500 crore capex, which has been set aside to upgrade port infrastructure, along with clean projects and deployment of new-age technologies, VOC Port Authority Chairperson Susanta Kumar Purohit told PTI in an interview. VO Chidambaranar Port (VOC Port) is one of the major ports in India, located at Tuticorin in the southern part of Tamil Nadu, with an annual cargo handling capacity of 82 million tonnes per annum (MTPA). It is also one of the oldest operational ports, with trade links dating back to 123 AD. Sharing future growth plans, Purohit said, "Outer Harbour is our ambitious project, aligned with Prime Minister Narendra Modi's vision for the maritime sector. Our ministry aims to make VOC Port a major

This is because the United States (US) has imposed higher reciprocal tariffs on these countries as compared to the 26 per cent tariff it plans to impose on India

India has committed to invest Rs 80 trn for port development. It has built a digital platform called Ulip that allows industry to access logistics datasets on govt systems

The Vizhinjam port will also be the first mega port to come up since 1999 when Mundra began operations

In December 2015, Adani Ports and Special Economic Zone Limited (APSEZ) initiated the international transshipment project in Vizhinjam, Kerala

Mundra Port, the flagship of Adani Ports and Special Economic Zone Ltd (APSEZ), has set a record by handling 16.1 million metric tonnes (MMT) of cargo in October, the highest-ever volume by any port in India. Mundra Port, the country's largest port, crossed the 100 MMT-mark in 210 days, surpassing the record of 231 days last year, APSEZ said in a statement. According to the statement, Mundra witnessed a double-digit growth on a Y-o-Y basis for containers (+10 per cent) and liquids and gas (+14 per cent). It achieved another milestone of handling 4.2 million TEUs (twenty-foot equivalent unit) of containers in just 203 days, a feat achieved in 225 days in the previous financial year. The statement said it added new cargo types such as Hydrolysis Pi Gas (HPG) to its portfolio. On YTD (year to date) basis, it docked over 2,480 ships and serviced over 11,500 rakes. According to the statement, the port is targeting 200 MMT-milestone in cargo volumes during FY25. Given its capability t

The 2,312-kilometer-long submarine optical fibre cable from Chennai to Andaman and Nicobar Islands, laid at a cost of Rs 1,224 crore, will provide "better and cheaper connectivity", he said

Once Vizhinjam is operational the central government will start building the port of Enayam in neighbouring Tamil Nadu