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Vizhinjam to become fastest-growing ports in South Asia: APSEZ CEO

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Introduction

India's maritime sector is witnessing a significant transformation, with Vizhinjam Port emerging as a game-changer in South Asia. According to Karan Adani, CEO of Adani Ports and Special Economic Zone (APSEZ), Vizhinjam is poised to become the fastest-growing port in the region. Its strategic location, cutting-edge infrastructure, and focus on transshipment are expected to propel it into the ranks of the world's top ports.

Strategic Location and Advantages

Vizhinjam Port, situated in Kerala, enjoys a prime location near international shipping routes. This proximity reduces travel time for cargo vessels and enhances efficiency for global trade. The port is uniquely positioned to handle large container ships, making it a vital hub for transshipment in the Indian Ocean region. It is expected to compete with established ports such as Colombo, Singapore, and Dubai.

Advanced Infrastructure and Capabilities

APSEZ has invested heavily in developing Vizhinjam Port with state-of-the-art infrastructure. The port boasts deep-draft berths, enabling it to accommodate ultra-large container vessels (ULCVs). Additionally, modern cargo-handling facilities, automation, and integrated logistics support will enhance operational efficiency and reduce turnaround times.



Boost to India’s Transshipment Business

Currently, a significant portion of India’s container traffic is handled by foreign ports like Colombo and Singapore. With Vizhinjam’s development, India aims to capture a larger share of transshipment cargo, reducing dependency on foreign ports and strengthening its maritime economy. This shift will not only save costs for Indian exporters and importers but also generate employment and economic growth in the region.

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Government Support and Economic Impact

The Indian government has actively supported the Vizhinjam Port project, recognizing its potential to transform India’s maritime landscape. Policies and incentives for infrastructure development, ease of doing business, and foreign investment have bolstered the port’s growth. Once fully operational, Vizhinjam is expected to contribute significantly to India’s GDP, enhance trade efficiency, and attract global shipping companies.

Conclusion

Vizhinjam Port is on track to becoming South Asia’s fastest-growing port, driven by its strategic advantages, world-class infrastructure, and a strong push for transshipment. As APSEZ continues to invest in its development, the port is set to revolutionize India’s maritime trade, positioning the country as a major player in global shipping and logistics.

For businesses and stakeholders in the shipping industry, Vizhinjam presents immense opportunities for growth and connectivity in the years to come.

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