Thiruvananthapuram (Kerala), May 03, 2025 (ANI): PM Modi dedicated to nation, on May 02, country's first dedicated container transshipment port. Phase one of the Vizhinjam International Deepwater Multipurpose Seaport has been completed, phase two to be completed by 2028. Located at world's busiest sea trade routes further strengthen India's position in global trade. Port aims to reduce logistics costs by 25 to 30 percent: Karan Adani, MD of Adani Ports & Special Economic Zone Ltd. Seaport's current capacity is 1.2 million twenty-foot equivalent units (TEUs), aim is to increase it to 5 million TEUs by 2028: Karan Adani. Despite global uncertainty in sector, Karan Adani is optimistic of growth in South Asian region. On ambitious India-Middle East Corridor project, he said their ports on Indian western coast and in Israel's Haifa can play key role. Karan Adani also said that seaport will provide an alternate route outside the Suez Canal.
