"Vizhinjam Port Set to Transform into Key Trans-shipment Hub, Announces Subrata Tripathy"

In a significant development, Subrata Tripathy, the CEO of Adani Ports, has revealed detailed plans for the transformation of the Vizhinjam Port into a major trans-shipment hub. Tripathy stated that in the initial phase, Adani Ports will invest approximately Rs. 7,700 crore to upgrade and expand the port's infrastructure. In the subsequent phase, the company intends to develop over 800 meters of key length, creating a mega trans-shipment port that will not only boost India's maritime capabilities but also provide a vital solution to the growing demand for trans-shipment services.

Tripathy emphasized the strategic importance of Vizhinjam Port, explaining that their objective is to establish a strong presence in key global trade routes. The CEO mentioned that Adani Ports aims to become deeply integrated into the Colombo trans-shipment network. Additionally, the company has acquired Haifa Port, which has already been efficiently handling a substantial volume of cargo. This acquisition places Adani Ports in a unique and advantageous position, enabling them to facilitate the seamless movement of goods from India through the Middle East to Europe.

Furthermore, Tripathy highlighted the recent recognition of Haifa Port's inclusion in the Indian Maritime Economics and Cooperation (IMEC) initiative by the G20, underscoring its growing significance as a vital conduit for cargo transit.

In line with their broader vision, Tripathy mentioned that Adani Ports is exploring numerous opportunities in East Africa and Southeast Asia. Their primary focus is on the Indian Ocean Region (IOR) and the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) region. These areas hold great importance due to their proximity to India, and Adani Ports is actively seeking potential partners to establish strong business relationships and further enhance trade connectivity within the neighborhood.

In conclusion, Adani Ports, under the leadership of Subrata Tripathy, is gearing up to turn Vizhinjam Port into a vital trans-shipment hub, strengthening India's role in global trade and cargo movement while actively expanding its presence in key strategic regions around the world.

ET