Kochi goes global as International Container Transshipment Terminal is inaugurated
Kochi has been placed in the elite league of maritime trading nations with the opening of the Vallarpadam International Container Transshipment Terminal, which was dedicated to the nation today. OEL Dubai became the first cargo vessel to enter the Vallarpadam International Container Transshipment Terminal (ICTT) to ink a new chapter in the global maritime trade.The total cost of the first and second phase of the terminal is expected to be around Rs 6,250 crore.
Kochiites are truly delighted at the completion of the first phase of the International Container Transshipment Terminal (ICTT), after a long wait. It will bring in lot of employment opportunities to this city and will mark an increase in the exports and imports from the Port. Touted as one of the most modern ports, Kochi will be a preferred choice for traders all over the world for its quick cargo handling facilities. The commissioning of the transshipment terminal will also bring in an impetus for many industries such as tea, rubber and cash crops of Kerala About 1,100 container lorries are expected to pass through Kochi for ferrying cargo and it will result in a flurry of activities in all sectors of economy .
Kochi will emerge as one of the most favoured destinations in the world with this feat. The hospitality industry across the state will be hugely benefited as the demand for hotels and boarding facility will increase manifold with a large number of people from all over the world frequenting the city. The logistic sector also is expected to make an exponential growth and will throw open more employment opportunities as cargo handling will require huge manpower. The project, which will be operated by Dubai Port World (DPW),would make Kochi a key player in the maritime industry and would reduce India’s dependence on foreign ports for its trans-shipment requirements.
To catch up with the immense opportunities that ICTT would bring to this city, Kochi will have to work against the clock to ensure good roads and supporting infrastructure to ensure the benefits that this terminal will bestow. Kochi indeed has done us all proud by going global!