APSEZ Targets 1 Billion Tonnes by 2030 on National Maritime Day
India’s maritime sector celebrated National Maritime Day on April 5 with two landmark announcements that will define the country’s port infrastructure landscape for decades: the Public-Private Partnership Appraisal Committee has cleared the project structure for the proposed International Container Transshipment Port at Galathea Bay in Great Nicobar — a ₹48,862 crore investment that will be India’s most strategically significant maritime infrastructure project — and Gautam Adani announced an ambitious target for APSEZ to handle one billion tonnes of cargo annually by 2030, doubling the 500 MMT milestone the company just crossed.
The ICTP at Galathea Bay will be developed in two phases through a joint venture in which an Indian-owned and controlled entity will hold a 55 per cent majority stake, while select state-owned major ports will own the remaining 45 per cent — a structure that effectively keeps foreign port operators out of what is considered a strategically sensitive project given Great Nicobar’s proximity to international shipping lanes and its location near the Malacca Strait. The Ministry of Ports has proposed viability gap funding of ₹12,230 crore — equivalent to 25 per cent of total project cost — to make the commercial economics viable for the JV partner. Cabinet approval is now the final step before the project proceeds to implementation.
Why Great Nicobar Changes India’s Transshipment Geography
Great Nicobar Island sits directly on the East-West mainline shipping route between the Malacca Strait and the Indian Ocean — the same corridor on which the world’s largest container vessels sail between Asia and Europe. A deep-water transshipment port at Galathea Bay would be positioned closer to these mainlane routes than Colombo, Singapore, or Port Klang, giving Indian-based transshipment a natural competitive advantage in terms of vessel deviation time. The project has been a long-held ambition of Indian maritime planners, and the PPPAC clearance — following years of environmental, strategic, and financial assessment — marks the first time it has moved into the concrete implementation phase.
APSEZ: From 500 MMT to 1 Billion Tonnes by 2030
Speaking at the event celebrating APSEZ’s 500 MMT milestone, Gautam Adani announced the 1 billion tonne per year target for 2030 — a doubling of throughput in five years that he described as achievable through strong momentum in logistics and marine services, which are expected to expand five-fold over the period. Adani highlighted the acceleration in cargo growth that APSEZ has achieved: while it took 16 years to handle the first 100 MMT, subsequent 100 MMT milestones have come in progressively shorter timeframes, with the most recent intervals measured in just two years. APSEZ’s portfolio — 15 domestic ports, 4 international ports, 12 multimodal logistics parks, and a fleet of over 20,000 trucks — provides the integrated platform to support this growth trajectory.
National Maritime Day: PM Modi’s Message and Port Celebrations
Prime Minister Narendra Modi marked the 63rd National Maritime Day by reaffirming the government’s commitment to harnessing India’s maritime potential, acknowledging the contributions of everyone associated with the sector in strengthening India’s economy, trade, and connectivity. Ports across India marked the day with ceremonies and celebrations: DPA Kandla held a press meet chaired by Chairman Sushil Kumar Singh to celebrate its 160.11 MMT record, methanol bunkering milestone, and green energy achievements. VOC Port Authority in Tuticorin held a solemn tribute at the Sailors’ Memorial, followed by a ceremonial sail past, honouring seafarers whose dedication to the maritime sector has never been more visible than during the ongoing Gulf crisis.
