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Vizag International Cruise Terminal (VICT) (Visakhapatnam)



Source: TH

The Vizag International Cruise Terminal (VICT) in Visakhapatnam will be inaugurated by the Ministry of Ports, Shipping and Waterways.

This terminal will facilitate passenger vessels with a capacity of 2,000 passengers per vessel and a draft of 8.1 meters. These developments aim to enhance the infrastructure and facilities at the Visakhapatnam Port Authority (VPA).

Few important stats about India’s port sector:

  • India’s strategic location on global shipping routes with a 7,517 km coastline
  • Maritime transport handles 70% of India’s trade
  • India owns 30% of the global ship-breaking market
  • Sagar Mala Program focuses on port-led development with $123 Bn investment
  • 100% FDI allowed via government and automatic routes.
  • India has 12 major ports and 200 non-major/intermediate ports.
  • Jawaharlal Nehru Port Trust is the largest major port, and Mudra is the largest private port.
  • Jawaharlal Nehru Port is the first 100% Landlord Major Port