Adani Ports and Special Economic Zone announced a target to handle one billion tonnes of cargo annually by 2030, as India also cleared the Rs 48,862 crore Galathea Bay transshipment port project on National Maritime Day.
National Maritime Day saw two landmark announcements shaping India’s port infrastructure. The Public-Private Partnership Appraisal Committee cleared the International Container Transshipment Port at Galathea Bay in Great Nicobar, a Rs 48,862 crore investment to be developed through a joint venture with 55% Indian-owned stake and 45% held by state-owned major ports. The Ministry of Ports has proposed viability gap funding of Rs 12,230 crore to support commercial viability, with Cabinet approval remaining the final step.
Gautam Adani announced APSEZ’s target to handle one billion tonnes annually by 2030, noting that while the first 100 MMT took 16 years, subsequent milestones arrived in progressively shorter timeframes. APSEZ currently operates 15 domestic ports, 4 international ports, 12 multimodal logistics parks, and over 20,000 trucks.
Great Nicobar Island sits directly on the East-West mainline shipping route between the Malacca Strait and the Indian Ocean, positioning the proposed port closer to global mainlane routes than Colombo, Singapore, or Port Klang.
Source: Adani Ports and Special Economic Zone
