Investing News and Headlines

India’s Next Big Power Move Is Set to Unfold in the Bay of Bengal

India’s National Green Tribunal has approved the Rs 90,000‑crore Great Nicobar mega‑infrastructure project, clearing the way for a new International Container Transshipment Port at Galethea Bay. The first phase, slated for 2028, will handle over 4 million TEUs annually, with full capacity projected at 16 million TEUs. The port’s location—just 40 nautical miles from the Malacca Strait—aims to shift India’s transshipment traffic away from foreign hubs such as Colombo and Singapore. Ownership will be a majority‑Indian private joint venture, barring foreign operators, reinforcing both economic and strategic objectives.