Newsdesk:
The Centre has given sanction to Adani’s Vizhinjam Port in Kerala to operate as a transshipment port -- a first for the country.
A transshipment port is a crucial hub where cargo is transferred from one big vessel to several smaller ones before they reach the final port of discharge. It will now help India in its ambition to become a manufacturing hub.
A senior government official told,“This approval paves the way for customs to set up an office at Vizhinjam port. It will be India’s first full-fledged deep water transshipment port. A final nod from the Central Board of Indirect Taxes and Customs (CBIC) is expected in the coming three months.”
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