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The Indian government plans to construct an international container transshipment port at Great Nicobar Island with an estimated cost of $5.6 billion. Jagannarayan Padmanabhan, Senior Director and Global Head of Transport, Logistics and Mobility at CRISIL, discusses the importance of transshipment in India's goal to become a $5 trillion economy. He highlights the need for optimizing logistics and reducing costs for trade and emphasizes the potential benefits of a transshipment port, including cost reduction, trade security, and increased containerization of cargo.
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