Indian ports handle 555 million metric tons of cargo. What % of the cargo goes through Colombo ?More than 60% of all Indian exports are trasshipped through Col
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Indian ports handle 555 million metric tons of cargo. What % of the cargo goes through Colombo ?More than 60% of all Indian exports are trasshipped through Col
More than 60% of all Indian exports are trasshipped through Col
The whole explanation is idiotic.
Why would India need a port in SL when India itself has 12 Major ports and 200 minor ports and one of the largest coast lines in the world ?
In fact there is no connecting road between India and SL for any goods that land in SL to move to India. It will agian have to be "shipped" to India
Second point of being a Financial hub like Singapore and Dubai.
Singapore had the first movers advantage and served as a launch point for US investors to funnel money into Asia. It also had favorable visa agreement with the US. SL has no such advantage.
Similarly Dubai served as a launch off point for US and EU money into Middle east due to its Facilities and Lack of restrictions, unlike the neighborhood. It also had the advantage of being the only place of freedom for all those people with Oil money to enjoy s-e-x and booze. It was bang in middle of an oil rich region which did not know how to handle the kind of money it was making. That is how it became a financial capital. SL again has no such advantage.
Final point is about being a "service" center. India already is the IT and call center capital of the world with its HUGE english speaking population. In fact the service industry in India is Bigger than the Manufacturing Industry and its Maturity sets global service standards.
I fail to see what "service" SL can offer that India cannot offer.
The safest bet for SL would be tourism, and not these ludicrous ideas.
For Sri Lanka to be service hub they need something more than Gibbs proposed
I am not sure what the something is
For Sri Lanka to be service hub they need something more than Gibbs proposed
I am not sure what the something is
Mate as i mentioned before best you not worry about it.. Lanka has achieved well above expectations in regards every conceivable development parameters above all it's neighbors in the region against massive odds, And with a debilitating civil war of 30 years courtesy of cross border terrorism sponsored by India.. When Sri Lanka was indeed ahead of it's counterparts Dubai and Singapore at that time, So they will need to catch up for the lost time.. And will achieve it's goals if everything goes in plan
Lankans tend not to gloat over predictions of what will be, Thats best reserved for others in it's neighborhood, So i'd rather not talk about it either but will point out what is at the present time
Mate as i mentioned before best you not worry about it.. Lanka has achieved well above expectations in regards every conceivable development parameters above all it's neighbors in the region against massive odds, And with a debilitating civil war of 30 years courtesy of cross border terrorism sponsored by India.. When Sri Lanka was indeed ahead of it's counterparts Dubai and Singapore at that time, So they will need to catch up for the lost time.. And will achieve it's goals if everything goes in plan
Lankans tend not to gloat over predictions of what will be, Thats best reserved for others in it's neighborhood, So i'd rather not talk about it either but will point out what is at the present time
I agree Sri Lanka has done well.
Sri Lanka was never ahead of Singapore. Singapore was modern hub by 1980.
Indian involvement in Sri Lanka ended the early 1990s when the IPKF pulled out. The last 15 years is courtesy of LTTE and Sri Lankan politicians
Sri Lanka was never ahead of Singapore. Singapore was modern hub by 1980.
Indian involvement in Sri Lanka ended the early 1990s when the IPKF pulled out. The last 15 years is courtesy of LTTE and Sri Lankan politicians
Till the 1960 it was.. Lee Kuan Yew wanted to emulate Ceylon to build Singapore
What Indira Gandhi regime started in 1976 only ended in 2009, even though India pulled out after her son was blown to bits by the same snakes she breast fed.. such is irony
Till the 1960 it was.. Lee Kuan Yew wanted to emulate Ceylon to build Singapore
What Indira Gandhi regime started in 1976 only ended in 2009, even though India pulled out after her son was blown to bits by the same snakes she breast fed.. such is irony
In 1960 there was nothing worth emulating in terms of global trade
India's involvement started in 1983. Indira Gandhi's death in 1984 and MGR illness in 1984 took out two of LTTE's staunchest backers. The IPKF pulled out in 1993
Indian ports handle 555 million metric tons of cargo. What % of the cargo goes through Colombo ?
Actually @Gibbs is right. Transhipment hubs are not easy to create. Global shippers have to decide on it. In South asia its Singapore and Colombo. Most of the ships are unloaded at Colombo and loaded by other ships going to India. Majority of our imports are transhipped through Colombo.
The reason is due to depth restrictions, bigger container ships cannot call at India’s ports located close to the international east-west trade route, which accounts for 80% of India’s transhipment containers and most of East Asia’s trade with Europe.
Ports on India’s west coast are mostly gateway ports that send cargo containers directly to destinations while those on the east coast rely on transhipment at nearby hubs. 78% of container traffic from India’s east coast ports is trans-shipped.
About 25% of India’s cargo containers are currently transhipped at ports outside India mainly at Colombo, Singapore, Port Klang, Salalah and Jebel Ali which builds inefficiencies in logistics and raise costs. Of this, Colombo alone accounts for 42% of this.
To correct this imbalance, Adani is building a Transhipment port in Vizhinjam, Kerala for Rs.7,525 crore to compete with Colombo.
Colombo and Vizhinjam are located in close proximity to international shipping route involving only a marginal diversion of about 20-25 nautical miles (1 hr journey). While Colombo has a water depth of 16 to 18 metres, Vizhinjam will have much deeper berths and approach channel of up to 20 meters, capable of docking mega container ships. (The port itself has a natural seawater dept of 24 meters)
The first phase will have a capacity to berth 1 million TEU's. Colombo handles 1.2 million TEU's that is headed for India. To the first phase itself will end colombo's traffic.
The total capacity built is for 3 million TEU (Twenty Foot equivalent Unit)
When it becomes operational, it will wipe out colombo port's dominance.