Thiruvananthapuram (Kerala), May 03, 2025 (ANI): PM Modi dedicated to nation, on May 02, country's first dedicated container transshipment port. Phase one of the Vizhinjam International Deepwater Multipurpose Seaport has been completed, phase two to be completed by 2028. Located at world's busiest sea trade routes further strengthen India's position in global trade. Port aims to reduce logistics costs by 25 to 30 percent: Karan Adani, MD of Adani Ports & Special Economic Zone Ltd. Seaport's current capacity is 1.2 million twenty-foot equivalent units (TEUs), aim is to increase it to 5 million TEUs by 2028: Karan Adani. Despite global uncertainty in sector, Karan Adani is optimistic of growth in South Asian region. On ambitious India-Middle East Corridor project, he said their ports on Indian western coast and in Israel's Haifa can play key role. Karan Adani also said that seaport will provide an alternate route outside the Suez Canal.
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00:00It was one of the most challenging project of the group.
00:05We want to take this up to 5 million TUs of capacity.
00:09Currently we are at 1.2.
00:13The target is we have to make this one of the most efficient port,
00:20not just in the country but globally.
00:25I think it is a very critical project for the country
00:29because it gives an alternate route outside of Suezkena.
00:59It will be very critical.
01:09We only have to make this one of the most efficient fields.
02:57You know, so a lot of challenges, but I must appreciate that the team has been extremely dedicated and strong to the commitment. And most importantly, I must thank the government of Kerala as well as people of Trivandrum for supporting the project even during the toughest times.
03:19Regarding the targets in mind, you want that to be, you know, become a reality soon as well. Any targets?
03:28So I think we have to complete Phase 2 by 2028. So we want to take this up to 5 million TUs of capacity. Currently, we are at 1.2. And the target is we have to make this one of the most efficient port, not just in the country, but globally, and help the Indian importers and exporters reduce their logistics costs.
03:56Since Prime Minister also talked about how much are you targeting, how much it would save according to you, sir?
04:03So our target is that with our network of ports, we should target at least a 25 to 30 percent reduction in the logistics cost for any container or any cargo which is moving through our ports.
04:19You also shared your views regarding the data on the trade. What is your view and how do you look at it in future as well?
04:26Sir, I think globally, though there is uncertainty, but there is still growth. And we do believe that South Asia region is going to grow. And if the country needs to grow, trade has to grow almost twice of the country's growth.
04:44And we are very bullish that the marine infrastructure, the ports will be the key enabler in driving that growth.
04:55Regarding the Kerala coast, because it has revitalized the Kerala coast, what kind of impact it can also have for the local Kerala population according to us?
05:03So, two things. I think Kerala, first, though it is a difficult place to work, but at the same time, there are a lot of opportunities and good things over here.
05:18One, we have a lot of skilled manpower over here, readily available. And that is a big opportunity that we see in terms of when we want to do high-end automation, high-end development of our operations.
05:35And we do see that those skill sets are available over here. And also, more importantly, we are able to bring in people not just within the state, but closer to the port vicinity as well and give maximum employment over here.
05:51Prime Minister talked about the IMED project. He looks at that opportunity as well because this project is quite critical and after the successful development of the Kerala.
05:59I think it is a very critical project for the country because it gives an alternate route outside of Suez Canal.
06:08That doesn't mean that Suez Canal will shut, but it just gives you an alternate route available to hedge your bets and to avoid any disruptions like what we saw when the ship had grounded in Suez Canal and affected the whole supply chain.
06:35I think as a country, if we have to be self-reliant on manufacturing and be self-reliant on supply chain, I think IMED plays a very, very important role.
06:47And that is where, you know, on the Indian side, our ports on the western coast and the exit, which is Haifa, that's where we would like to connect and to see how we can help the end consumers and the Indian exporters and importers improve their cost.
07:04Sir, any plans about the expansion you have in mind and where you are looking at it?
07:09Right now, nothing immediately, but we always keep looking actively for ports outside of India, predominantly Southeast Asia.
07:22This is our region and we want to play in the Bay of Bengal and the Arabian Sea network. That is what we are looking at.
07:28So here we are looking at.
07:29Let's see.
07:30Let's see.
07:31Let's see.
07:33OK.
07:34All right.
07:35Come.
07:36See.
07:38Let's look at its august.
07:39Look at the same.
07:40Let's see.
07:41Let's see.
07:42Now, thank you.
07:44Let's see.
07:46Oh, that's what we want.
07:47Let's go see.
07:48Whoa.
07:50Now, we're looking.
07:51Let's, what do we want is looking,
07:53let's see.
07:54Let's see.
07:54So, let's see.
07:55Let's see.
07:55Let's see.
07:57Let's see.
07:58Let's see.