ICTP at Great Nicobar Island notified as Major Port

India has officially notified the International Container Transhipment Port (ICTP) at Galathea Bay, Great Nicobar Island, as a Major Port, said Mr Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways, while speaking in the Rajya Sabha. Planned as a transhipment hub with a handling capacity of 16 million TEUs annually, the project will be developed in four phases at an estimated cost of Rs 43,796 crore. The port forms part of the larger Great Nicobar Holistic Development project, which also includes an international airport, a power plant and a township, with an overall estimated cost of Rs 81,800 crore. Exemplary mitigation measures have been built into the project to minimise environmental impact while balancing strategic, national and defence interests, as per a report.

Please visit our youtube channel https://www.youtube.com/@ikargos2719 for fortnightly logistics news analysis and more!