International Container Transhipment Port in Great Nicobar Island | 27 Nov 2023

Source: PIB

Why in News?

Recently, the Union Minister for Ports, Shipping and Waterways (MoPSW) visited the site of the proposed International Container Transhipment Port (ICTP) at Galathea Bay in Great Nicobar Island.

• ICTP is envisioned to be a transformative initiative aligning with the Maritime India vision 2030 as well as one of the key projects in the Amrit kaal Vision 2047.

What are the Key Facts About the ICTP Project?

• About:
  • The ICTP is a major infrastructure project that aims to facilitate the transshipment of containers between different ports.
    • A transshipment deepwater seaport facilitates the handling of large cargo vessels, featuring a deep water channel and expansive berth areas for efficient loading, unloading, and the seamless transfer of goods between ships at the port.
  • The proposed ICTP at Galathea Bay, Great Nicobar Island, is strategically positioned just 40 nautical miles from the International shipping trade route.
  • The ICTP aims to become a leading container transshipment port by leveraging its strategic location, natural water depth, and capacity for the transshipment of cargo from nearby ports.
• Significance:
  • In India, nearly 75% of transshipped cargo is handled at ports outside the country.
    • Colombo, Singapore and Klang handle more than 85% of this cargo with 45% of it handled at Colombo Port alone.
  • India is banking on the strategic location of Galathea Bay for export-import trade as it lies on international shipping routes.
• Benefits:
  • The project is expected to generate forex savings, attract foreign direct investment, and boost economic activity at other Indian ports.
  • It will also contribute to enhanced logistics infrastructure, employment generation, and increased revenue share.
  • The development of this Mega Container Terminal is a part of the holistic development of Great Nicobar Island.
• Status of the Project:
  • The project has received environmental clearance from the Ministry of Environment, Forests & Climate Change (MoEF&CC).
    • Stage 1 forest clearance has also been obtained for the project.
  • The project is planned to be developed in four phases, with Phase 1 proposed to be commissioned in the year 2028 with a handling capacity of approximately 4 Million (twenty-foot equivalent units)TEUs.
    • The handling capacity is expected to increase to 16 Million TEUs in the ultimate stage of development by 2058.