WITH PLANS FOR A MEGA-PORT IN THE NICOBAR ISLANDS, INDIA IS MOVING FORWARD
On Great Nicobar Island's Galathea Bay, the projected International Container Transshipment Port (ICTP) is being built, according to updates from the Indian government. This comes after Shri Sarbananda Sonowal, the Minister of Ports, Shipping, and Waterways, visited last week and had a review meeting regarding the project's construction schedule.
With an estimated cost of more than $5 billion, the ICTP is envisioned as a major project under the recently unveiled Amrit Kaal Vision 2047, a government-led strategic plan to promote maritime growth in the nation. The main driving force for ICTP's development is its advantageous position, which is 40 nautical miles from the lucrative Colombo-Singapore route across the Malacca Strait. Additionally, the terminal will be able to accommodate the largest container ships due to its naturally occurring water depth of more than 20 metres.