Adani's Vizhinjam Port Approved for Transshipment

29 Apr 2024 CW Team

Adani Group's Vizhinjam Port has received approval from the Ministry of Shipping to conduct India's first transshipment operations. This landmark decision positions Vizhinjam Port as a crucial hub for transshipment activities, enhancing India's maritime infrastructure and bolstering its trade capabilities.

The Ministry's approval allows Vizhinjam Port to handle transshipment operations, enabling the transfer of cargo from large vessels to smaller ones for onward transportation to final destinations. This strategic move is expected to streamline logistics processes, reduce costs, and enhance efficiency in India's maritime trade ecosystem.

Vizhinjam Port's designation as India's first transshipment hub signifies a significant milestone in the country's maritime development journey. By facilitating transshipment activities, the port is poised to attract increased shipping traffic and become a key player in the global maritime logistics network.

The approval from the Ministry underscores the government's commitment to fostering growth and innovation in India's maritime sector. By harnessing the potential of Vizhinjam Port for transshipment operations, the government aims to strengthen India's position as a maritime powerhouse and facilitate seamless trade connectivity with international markets.

The development of Vizhinjam Port as a transshipment hub is expected to unlock new opportunities for trade expansion, economic growth, and job creation in the region. As the port gears up to commence transshipment operations, stakeholders anticipate a significant boost in maritime activity and trade volumes, further cementing India's status as a leading player in the global shipping industry.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..