Great Nicobar Transshipment Port Gets Approval from PPPAC
On National Maritime Day, India announced a ₹48,862 crore project for the International Container Transshipment Port at Galathea Bay, receiving approval from the Public-Private Partnership Appraisal Committee. This initiative aims to strengthen India’s international shipping position, maintaining a 55% stake for an Indian entity. Prime Minister Modi emphasized enhancing maritime capabilities for economic growth.