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Big boost to Vizhinjam Port as cabotage laws relaxed

Saturday, December 5, 2015, 14:03
This news item was posted in Business category and has 0 Comments so far.

VIZHINJAM: The prospects for Vizhinjam Port, in Kerala got a big boost when Nitin Gadkari, union of minister of shipping and surface transport relaxed the cabotage laws for the port to be built by the Adani group. Declaring that the port, will get a special relaxation from the cabotage law, a norm that insists on ships registered in India to only ply between Indian ports. Till now, the cabotage policy in India allows first preference to Indian flagships over cargo and foreign ships. Cargo and foreign ships are allowed only when no suitable Indian flag vessel is available for this purpose. With this relaxation, vessel operators will be allowed to bring foreign flagged vessels of these categories to ply on coastal routes. Gadkari, made the announcement on the occasion of laying the foundation stone for the Rs 7525 crore port project. Adani group has declared to complete the project in 1000 days, from today.

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