Adani Vizhinjam Port: Gautam Adani (Gautam Adani) The port business had to suffer huge losses due to the Israel-Hamas war. But, Adani Port in India (Adani Ports) The work is progressing rapidly. After Mundra Port, work on another port of Gautam Adani is going on at a very fast pace. Adani Group’s business is expected to get a new boost from this deep water port being built in Vizhingam, Kerala. Adani Port is investing Rs 20 thousand crore on Vizhingam Transshipment Terminal. The work of this port is being done at a very fast pace under the supervision of Karan Adani, Chief Executive Officer and Managing Director of Adani Ports. It is being told that the port work will be completed by 2030. Officially received its first ship at this port. This ship named Zhen Hua 15 was received by Kerala Chief Minister Pinarayi Vijayan. Experts say that operations from this port of Adani can be started between May and December next year.
Central and state government money has also been invested
Apart from the Central Government, money from the State Government has also been invested in this port. According to Mint report, Adani Vizhinjam Port Private Limited CEO Rajesh Jha said that an investment of Rs 7,700 crore has been received in the first phase for the project. Adani Group has invested Rs 2,500 to 3000 crore in this. Whereas, other investments are being made by the Central Government and State Government. This port is being constructed by Adani Vizhinjam Port Private Limited. This port is being said to be important for India in many ways. With its completion, India’s dominance in the Indian Ocean will increase. Also, the country’s dependence on foreign transshipment hubs like Sri Lanka’s Colombo Port will be reduced to a great extent. Chinese companies have invested in Colombo Port. In such a situation, if seen directly, there will be a reduction in dependence on China. This port of India has a natural depth of more than 18 meters. There will be no problem in parking a ship bigger than this. At the same time, the international shipping route is only 10 nautical miles away. In such a situation, its position is important from every point of view.
Some key points about Adani Vizhinjam Port
Adani is set to play a key role in promoting maritime trade in the Vizhinjam port region, and represents a significant investment in India’s port infrastructure.
placeVizhinjam is a coastal town in Thiruvananthapuram district of Kerala, India. The port is strategically located on the Arabian Sea coast, making it a potentially important center for maritime trade.
Project Scope: Vizhinjam Port has been designed as a state-of-the-art transshipment terminal. It aims to meet the growing demands for container traffic in the region, especially in the Indian Ocean region.
depth and capacity: The port has a deep draft of up to 20 metres, allowing it to handle large container ships. It is designed to have the capacity to handle approximately 1.8 million TEU (twenty-foot equivalent units) of container cargo annually.
transshipment hub: The primary objective of Vizhinjam Port is to serve as a transshipment hub. Transshipment involves moving containers from one large ship to another to ship them to their final destination. It aims to take advantage of Vizhinjam’s advantageous location along major international shipping routes.
economic impact: The port is expected to have a significant positive impact on the economy of Kerala and surrounding areas. This is likely to create employment opportunities and promote economic activities related to the maritime sector.
environmental considerations: Environmental considerations are also included in the development of the port. Measures are taken to minimize the impact on the local ecosystem, and the project includes coastal protection and environmental protection initiatives.
government support: The Vizhinjam port project has received support from both the central and state governments in India. It is considered a significant infrastructure development which is in line with the government’s “Sagarmala” initiative, which aims to modernize and optimize India’s port sector.
timeline:The development of Vizhinjam port has been a long-term project. After clearing various regulatory hurdles, construction began and the port began operations in 2019.
connectivity: The port is planned to be well connected by road and rail network to facilitate efficient movement of goods to and from the port.