Latest News | Mandaviya Asks Officials to Draw Strategy to Turn Vallarpadam Terminal into Transshipment Hub
Get latest articles and stories on Latest News at LatestLY. To actualise the vision of turning the Vallarpadam terminal at Cochin Port into a transshipment hub, Union Shipping Minister Mansukh Mandaviya on Wednesday asked officials to chalk out a strategy in this regard.
New Delhi, Jul 15 (PTI) To actualise the vision of turning the Vallarpadam terminal at Cochin Port into a transshipment hub, Union Shipping Minister Mansukh Mandaviya on Wednesday asked officials to chalk out a strategy in this regard.
The directions were given by the minister during the course of a review of development activities at the terminal, envisaged as the first transshipment port of India, managed by the DP World.
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The Kochi International Container Transshipment Terminal (ICTT), locally known as the Vallarpadam terminal, is located strategically on the coastline in Kerala.
"We are developing a transshipment facility on the Indian port. Resolving various issues of the Vallarpadam terminal is one of the top priorities of the Ministry of Shipping," Mandaviya was quoted as saying in a statement by the shipping ministry.
He directed officials to chalk out a strategy to tackle various challenges and actualise the vision of a transshipment hub in the country and a pioneer hub in South Asia, the statement said.
A transshipment hub is a terminal at the port that handles containers, stores them temporarily and transfers them to other ships for the onward destination.
It also added that he Vallarpadam terminal fulfils all the criteria needed to develop it as a transshipment hub as it is positioned in proximity to international sea routes. Besides, it can be easily accessed through all Indian feeder ports, the statement said.
The statement said it has multiple weekly feeder connections to all ports on western and eastern coasts of India -- from Mundra to Kolkata -- and has proximity to key hinterland markets of India.
"It has the infrastructure to manage large ships and capacity to scale it up as per requirement," the statement said adding that the Vallarpadam terminal is proposed to be developed as the most-preferred gateway for southern India and a leading transshipment hub of South Asia.
The first phase of the Rs 6,250-crore ICTT at the Vallarpadam island was dedicated to the nation in February 2011, describing the project as a "long-awaited milestone" in the development of the country's logistics infrastructure.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)