India unveils ₹10,000-cr port in Great Nicobar Island
PM, as he inaugurated the first undersea optical fibre project to provide high-speed internet to Andaman and Nicobar Islands, informed that India is contemplating to invest ₹10,000 crore for building a transshipment port at Great Nicobar Island in the Bay of Bengal to provide shippers with an alternative to similar ports in the region. The 2,312-kilometre-long submarine optical fibre cable from Chennai to Andaman and Nicobar Islands, laid at a cost of ₹1,224 crore, will provide better and cheaper connectivity. The dedicated container transshipment terminal at the port locale in the Andaman and Nicobar Islands along the Bay of Bengal coastline offers two geographical advantages - proximity to the busy east-west international shipping route that can facilitate shorter transits and greater economies of scale, and deep natural water depths that can accommodate the latest generation of mega-ships. The Andaman and Nicobar Islands Administration had last year floated an expression of interest for the container transshipment terminal with the Free Trade Warehousing Zone in South Bay, Great Nicobar Island to provide Indian shippers with an alternative to Colombo, Singapore and Port Klang (Malaysia) transshipment ports. Andaman & Nicobar will be developed as a hub of port-led development as it is at a competitive distance from many ports of the world. To establish India as a player in the global supply and value chain, it is important to strengthen the network of waterways and ports.
📅Published on:
12 August 2020
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