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.

Next Story
Infrastructure Transport

CPCL crosses $10 million revenue milestone

Chaitanya Projects Consultancy (CPCL), a leading infrastructure and engineering consultancy, has surpassed $10 million in annual revenue for FY 2024–25, marking a five-year compound annual growth rate of 28.2 per cent—well above the industry average. Established in 2004, CPCL has delivered over 300 projects across highways, bridges, urban infrastructure, water, transport, and environmental sectors. Its achievements include over 600 km of six-lane highways, 2,000 km of national highways, and 100 major bridges. “Our goal has always been to improve India’s infrastructure,” sai..

Next Story
Resources

KPIL secures new orders worth Rs 37.89 billion

Kalpataru Projects International Ltd (KPIL), a major EPC player in power transmission and civil infrastructure, has secured new orders worth approximately Rs 37.89 billion along with its international subsidiaries. The orders include a significant contract in the Buildings and Factories (B&F) segment in India, marking KPIL’s largest B&F order to date. The project involves the development of over 12 million sq ft of residential space with supporting infrastructure, awarded on a design-build basis. Additionally, the company has won new transmission and distribution (T&D) order..

Next Story
Real Estate

Apartment loading rises to 40 per cent in top cities

Driven by rising demand for premium amenities, the average apartment loading across India’s top seven cities has reached 40 per cent in Q1 2025, up from 31 per cent in 2019, according to ANAROCK Research. The loading factor, or the area paid for beyond the usable carpet area, covers common spaces such as lobbies, staircases, and clubhouses. Mumbai Metropolitan Region (MMR) continues to lead with the highest loading at 43 per cent. Bengaluru saw the sharpest jump, from 30 per cent in 2019 to 41 per cent in Q1 2025. Chennai recorded the lowest average loading at 36 per cent. “Sixty..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?