Adani Shares Interest In A Port Project In The Nicobar Island

1. Adani Shares Interest In A Port Project In The Nicobar Island

2. The Adani Group, one of the biggest names in the country’s port sector, has been eyeing a port project on Nicobar Island. 11 businesses including Adani Ports and Special Economic Zone Limited have indicated their interest in operating the international container transhipment terminal at the Galathea Bay. With this, the Adani Group will be able to further extend its presence in the port sector. The global business group will also find it really easy to take its business to new heights. The Adani Crisis will also be brought to a halt.

3. Adani’s Interest In A Port Project In The Nicobar Island Amidst Adani Crisis: The Adani Group has expressed its interest in building a sizable transmission port on the isolated island of Great Nicobar. A sizable port, tourism developments, a whole new town, and power generation facilities are all a part of the plan. The company also plans to establish this picturesque enclave as one of the major shipping ports in the area. This will not only enhance our country’s hold in global trade routes but it will also ensure that the Adani Group’s port business experiences a boost. The global business group will be able to recover from the losses it incurred during the Adani Crisis A total of 11 businesses have already indicated their strong desire to operate the international container transhipment terminal at the Galathea Bay which is expected to be built by Indian government agencies. The transhipment port, a greenfield airport, a township and tourism complex spanning 130 km, and a solar and gas-based power plant are all included in this proposal. This is part of a larger holistic development and is expected to cost around 9 billion USD. This will turn the island into a regional maritime port.

4. Concerns Raised On The Port Project: Post the proposal for the port project, a lot of concerns have been raised about the possible effects on Nicobar Island’s rich wildlife and indigenous community. The Andaman and Nicobar Islands are located between the Bay of Bengal and the Andaman Sea. The Great Nicobar Biosphere Reserve contains two Indian national parks: the Galathea National Park and the Campbell National Park. These national parks are located 190 km north of the Indonesian island of Sumatra. The United Nations Educational, Scientific, and Cultural Organisation’s (UNESCO) Man and Biosphere Programme recognizes Biosphere Reserves.

5. A wide variety of marine and animal life including endangered species are found in the Great Nicobar Biosphere Reserve which is covered with evergreen forests. This proposed project can turn out to be a threat to the island ecosystem and the island’s indigenous population. However, the Adani Group has always been recognised for its sustainable initiatives. It is expected that if the global conglomerate wins the contract for the project, it will try its best towards ensuring that the project operations get carried out smoothly. The global conglomerate will also ensure that the port project gets implemented without posing a serious threat to the environment.