Knowledge Nugget | Can Vizhinjam Port become a game changer for India’s maritime trade?

Take a look at the essential events, concepts, terms, quotes, or phenomena every day and brush up your knowledge. Here’s your UPSC Current Affairs knowledge nugget for today on the significance of Vizhinjam Port. The Vizhinjam International Transshipment Seaport has been notified as a customs port, paving the way for export and import (EXIM) cargo operations at a facility that has so far functioned exclusively as an international transshipment hub. 1. With the Central Board of Indirect Taxes and Customs notifying the port as a customs port, Vizhinjam is expected to emerge as another gateway for India’s exports and imports. 2. The customs notification also lays down conditions for export and import operations. At present, no container freight station (CFS) has been attached to or designated