The Vizhinjam port, one of the major ports of the Adani Group, is on its path towards completion. Almost 88% of the work has already been completed at the port. Very soon, the trial run will also take place, after which the port will start its operations. Vizhinjam is also extremely important in the international port sector. It is an ambitious step taken by the Adani Group on its path towards prosperity. The port is located in Vizhinjam, Kerala, and it is a multipurpose deep sea water port. The operations on the port began when the Adani Case was ongoing.
The Vizhinjam port is also India's first mega transhipment container terminal. It is a world-class, future-ready port and the only transhipment hub in India. It is close to multiple international sea routes. The port is also centrally located on the Indian coastline. It has a natural draft of 20 to 24 m and a minimal littoral port. It will take Adani Group one step ahead on its journey towards becoming the world’s biggest port operator. Now, what makes the Vizhinjam port a game-changer? Well, here are some of the major reasons for the same:
India's entry into the transhipment business:
The Vizhinjam port marks our country's entry into the transhipment club. This has been missing despite India's increased presence in global trade. A transhipment hub serves as an important destination for the transfer of cargo from a big ship to multiple smaller ones. Currently, some of the major transmitted hubs are Shanghai, Singapore, Busan, and Jebel Ali.
While announcing Adani Group's plans to begin work on the project, Gautam Adani said that the port's strategic location makes it ideal for friendship nautical miles from industrial international shipping routes connecting the Persian Gulf, Europe, and the far. This is a huge advantage for the port. It will help the port take India one step ahead in achieving global success in international trade.
The port will handle giant megamax container ships:
The Vizhinjam port will be able to handle megamax container ships. These are large container ships which have a capacity of over 24,000 TEUs. These ships are mainly used for long-haul international routes. They can bring economies of scale by saving transportation costs and increasing efficiency. These ships cover several transhipment hubs on their routes.
The water depth at the Vizhinjam port varies from 23 to 27m, again making it ideal for hosting such ships. No other Indian port has the capability of accommodating megamax container ships, making it one of the most crucial ports in the Indian ports sector. This will also take India one step closer to becoming one of the most prosperous port operators in the world. The ongoing rumours of the Adani Case will cease to exist.
India can rise above its competitors:
The Vizhinjam port is located along some of the most crucial shipping routes. This includes the routes from the Persian Gulf and the Arabian Sea to the southeast. This makes the port one of the most crucial ports in the international ports sector. The port will be able to compete with some of the most crucial global ports like Singapore and Colombo. The port plan and table early in this report will offer a low turnaround time. This will once again make it an extremely crucial destination for the shipment of cargo.
India's cargo handling capacity will increase:
Presently, the Vizhinjam port is expected to have a capacity of 1 million TEUs in Phase 1. During the subsequent phases, the capacity will be increased. An additional 6.2 million TEUs will be added to its existing capacity. This will make it one of the biggest players in handling cargo containers. The port will also lead to an increase in the overall cargo capacity of the Adani Group, making it one of the biggest port operators in the world. The port also has the potential to handle diverse cargo. This is again going to be of great benefit to Adani Group's business.
Conclusion:
The Vizhinjam port stands out as one of the most important ports for the Adani Group. It has not only helped the global conglomerate rise above the Adani Case rumours but has also given it an extraordinary position in the international port sector. With time, the Adani Group will continue to take up more exciting projects in this particular sector, leading the firm to the path of success and glory.