IANS | 13 Jul, 2024
Congratulating the Adani Group for their commitment and perseverance for
developing a world-class port in Kerala, Union Minister of Ports, Shipping and
Waterways, Sarbananda Sonowal, said that the performance of Vizhinjam Port will
set a new benchmark, helping position the country on the top of the global
maritime map.
Minister Sonowal officially welcomed the first mothership at the
Vizhinjam Port on Friday, in the presence of Karan Adani, Managing Director,
Adani Ports and SEZ (APSEZ), Kerala Chief Minister Pinarayi Vijayan and other
dignitaries.
"Vizhinjam International Seaport is India's first deep-sea
international container transhipment terminal. I would also like to
congratulate APSEZ for their valuable contribution towards creating a modern
port infrastructure, enabling reduction of logistics costs, saving of transit
time and reducing our dependence on foreign transhipment ports," said the
minister.
"This port project demonstrates how a successful Public Private
Partnership between the Centre, the private sector and the State can unleash
the tremendous potential of our maritime sector," Sonowal added.
The minister pointed to how the Vizhinjam port is strategically located
close to the international EXIM Trade lanes.
"Its deep draught facility will offer many operational benefits to
the users that will help in positioning the port as a preferred destination for
the shipping lines and EXIM traders," he said.
"I am sure that the Port's capability to service mega-size
container vessels, with other services that it offers, will provide stiff
competition to existing transhipment hubs like Colombo and Singapore. I look
forward to a positive shift of international transhipment cargo from Colombo
and Singapore to this Port at Vizhinjam," the minister noted.
"In the emerging geo-political scenario, impacting maritime trade,
this Port will offer a viable alternative and an option to the major shipping
lines to mitigate disruptions in the global supply chain," Sonowal said.
With the arrival of the first mother ship, Adani Group's Vizhinjam Port
has catapulted India into the world port business as globally this port will
rank 6th or 7th.
The second and third phase of the project is planned to be completed in
2028 and will be one of the greenest ports in the world.
"I congratulate the Adani Group for their commitment and
perseverance to attain this remarkable feat of developing such an excellent
port in Kerala. I am confident that the performance of the Vizhinjam
International Seaport will set a new benchmark at par with the best in the
world and help position the country on the top of the global maritime
map," the minister emphasised.
By 2028-29, when all four phases of this project are completed, the
Kerala government and Adani Vizhinjam Port will have invested a total of Rs
20,000 crore in this outstanding example of a large-scale PPP project.
--IANS