Vizhinjam International Seaport Receives Key Location Code
The Vizhinjam International Seaport has received its location code 'IN NYY 1' from the Indian government, marking a significant step towards its operation as a major transshipment hub. The development, announced by Kerala Minister V N Vasavan, underscores the port’s enhanced logistical capabilities and upcoming economic benefits.
- Country:
- India
The Vizhinjam International Seaport has achieved a crucial milestone by receiving its location code, 'IN NYY 1', from the Indian government on June 21, 2024.
This advancement was officially announced in the Kerala state Assembly by Minister for Ports, V N Vasavan, on Monday. This development highlights the port's preparedness to operate as a significant transshipment hub, enhancing its logistical capabilities and paving the way for increased trade and economic activities in the region.
Constructed under a public-private partnership model at a cost of Rs 7,700 crore, the port involves the Adani Group as the private partner. Despite delays due to land acquisition issues, the port is set to become one of the largest in the world once operational.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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