+
India funds Cochin transshipment hub amidst Sri Lankan crisis
PORTS & SHIPPING

India funds Cochin transshipment hub amidst Sri Lankan crisis

The Indian Ministry of Ports, Shipping and Waterways (MoPSW) has decided to fund a Rs 300 crore ($38.8 million) project to deepen Cochin Port's channel, improving the port's economic position by capitalising on Sri Lanka's traffic congestion.

The MoPSW expects an increase in transshipment operations at Cochin Port, India's only international container transhipment terminal, after economic and political turbulence and reports of congestion at Colombo Port (ICTT).

The decision to deepen the channel from 14.5 to 18 metres is part of an effort to reduce India's reliance on Colombo for container freight shipping and receiving.

Due to the protracted crisis, the transshipment volume at the ICTT has already climbed to 13,609 TEU in March 2022, up from 8,394 TEU the previous year, according to Cochin Port statistics.

According to the port administration, deepening the canal can be done swiftly to take advantage of the opportunity, but an overall capacity expansion may take longer.

The Indian Ministry of Ports, Shipping and Waterways (MoPSW) has decided to fund a Rs 300 crore ($38.8 million) project to deepen Cochin Port's channel, improving the port's economic position by capitalising on Sri Lanka's traffic congestion.The MoPSW expects an increase in transshipment operations at Cochin Port, India's only international container transhipment terminal, after economic and political turbulence and reports of congestion at Colombo Port (ICTT).The decision to deepen the channel from 14.5 to 18 metres is part of an effort to reduce India's reliance on Colombo for container freight shipping and receiving.Due to the protracted crisis, the transshipment volume at the ICTT has already climbed to 13,609 TEU in March 2022, up from 8,394 TEU the previous year, according to Cochin Port statistics.According to the port administration, deepening the canal can be done swiftly to take advantage of the opportunity, but an overall capacity expansion may take longer.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code