Andaman Nicobar port | Modi govt’s Rs 41k cr trans-shipment port in Great Nicobar Island

In what could make the container port a number one hub, the placement additionally has geographical plus factors comparable to 20m and proximity to Indian ports. The estimated price of the primary part of the port is Rs 18,000 crore. The venture will contain global-level infrastructure comparable to breakwaters, dredging, reclamation, berths, storage areas, constructing and utilities, procurement and set up of apparatus and growth of port colony.

“This project will be a major landmark in developing India to become a self-assured and self-reliant nation and will support the economic development of the country,” Ports, Shipping and Waterways Minister Sarbananda Sonowal stated, information company PTI quoted.

Currently, 75 per cent of India’s transshipped cargo is dealt with by overseas ports. While 85 per cent of this element is dealt with by Singapore, Colombo and Klang, Colombo takes the lion’s share with 45 per cent.

“Indian ports can save USD 200-220 million each year on transhipment cargo,” the ministry stated in an announcement.