Vizhinjam port to handle EXIM cargo from August
Vizhinjam port in Kerala is set to begin handling import and export cargo starting in August. While the port currently functions as a trans-shipment hub, this expansion aims to reduce logistics costs for businesses in Kerala and Tamil Nadu.
Why it matters
This development significantly improves regional trade efficiency and reduces transportation costs for Indian businesses by providing direct access to international shipping routes.
Vizhinjam port has so far served only as an international trans-shipment hub where mother ships from abroad drop off containers and pick them up. But starting August, the port will be able to handle exim cargo from and for India.
Though the arrangement comes with several caveats, businesses in Kerala and Tamil Nadu have widely welcomed the move. Being able to access an international mother ship through Vizhinjam would cut cargo transport costs by almost half, traders say.
Industry sources have said the official inauguration of exim operations will be third week of August, adding the relevant Customs notification is expected to be issued shortly.
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