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ADANI'S VIZHINJAM MEGA PORT: INDIA'S GLOBAL SHIPPING HUB

The Business Guardian

|

October 16, 2023

The Vizhinjam transshipment container port, which is close to the country’s southernmost tip, will enable India to take a larger share of the hitherto dominated international marine trade by China 

ADANI'S VIZHINJAM MEGA PORT: INDIA'S GLOBAL SHIPPING HUB

The big cargo ship Zhen Hua 15 will unload at Vizhinjam harbor, and it will do more than merely bring the first enormous cranes to the location. It would also make India known as a destination for the largest container ships. Located near the southernmost tip of the country, the Vizhinjam transshipment container port — the first of its kind in India that will be inaugurated on Oct. 15 — will allow India to grab a bigger slice of the international maritime trade currently dominated by China. It will also bolster its aspirations to be an alternative manufacturing hub by reducing logistics costs for cargo coming to and from the country. 

The Business Guardian से और कहानियाँ

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time to read

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VIDEOGAME MAKER EA IN TALKS TO GO PRIVATE AT ROUGHLY $50 BILLION VALUATION

Electronic Arts (EA.O), the videogame publisher behind titles such as \"FC\" and \"Battlefield\", is in advanced talks to go private at a valuation of roughly $50 billion, according to sources familiar with the matter.

time to read

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Chief Technology Officer Deb Hall Lefevre resigned without a permanent replacement, according to an internal memo sent to corporate staff on Monday, seen by Reuters.

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Domestic demand may drive higher imports

An uptick in non-oil non-gold imports is likely in the coming months as domestic demand expands, at a time when exports could weaken due to mounting tariff pressures.

time to read

1 mins

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Private equity firms eye US utilities amid AI-driven power demand

Private investment firms that are helping finance America's artificial intelligence race and the huge buildout of energy-hungry data centers are getting interested in the local utilities that deliver electricity to regular customers and the servers that power AI.

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GOYAL, RUSSIAN DEPUTY PM DISCUSS TRADE TIES

Union Minister of Commerce and Industry Piyush Goyal on Friday met Russia's Deputy Prime Minister Dmitry Patrushev to discuss ways to strengthen bilateral economic and trade ties between the two countries.

time to read

1 mins

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