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Phase One of the Great Nicobar port to begin by 2028, says the Shipping Minister

Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal said the Great Nicobar transhipment port will not be stopped and that Phase One will start by 2028.
The project is awaiting Cabinet approval after clearance by the Public Private Partnership Appraisal Committee of the finance ministry.
The first two phases have been cleared at nearly Rs 48,862 crore, with viability gap funding of about Rs 12,230 crore, and the developer is to be chosen by who seeks the lowest viability gap funding.
It will be a joint venture, 55 per cent owned by an Indian-owned and controlled entity and 45 per cent by select central government-owned major ports.
The government's case is that the port places India near the Strait of Malacca, since about three-fourths of India's transhipment cargo currently moves through foreign ports.
The Minister said the leatherback sea turtle breeding zone has been protected and concerns about the coral zone addressed.

Phase One start: By 2028 First two phases cleared at: Nearly Rs 48,862 crore Share of transhipment cargo through foreign ports: About three-fourths
Why it matters for exams: The Strait of Malacca argument and India's transhipment dependence are repeatedly asked in economy and security papers.
UPSCBank
16 October 2026 Source: Business Standard report

In plain words

Transhipment Transfer of cargo between ships — Moving containers from one vessel to another at an intermediate port.

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