On Great Nicobar, and what integration would actually require
- Is the port separable from the township in practice, or only on paper?
- Can 229 people hold a veto over a national project? If they cannot, who can?
- Does Indian elite capital reinvest at home, and what would it look like if it did?
The Strategic Case
In August 2024 the Public Investment Board, the Finance Ministry body that vets projects with a financial fallout, examined the Great Nicobar proposal brought to it by the Ministry of Shipping. It recorded that the project did not have strategic objectives, and that strategic objectives should be added to it.
They were added. In March 2026 the Ministry of Defence notified the project as strategic. The Hindu has reviewed both the 2024 board documents and the March 2026 records of the Public-Private Partnership Appraisal Committee, the Finance Ministry branch that must clear anything above five hundred crore.
In between, the shipping ministry asked for ₹12,300 crore of viability gap funding. The appraisal committee asked why a commercially viable project required a subsidy, and why the ministry wanted to depart from the funding norms in this case. It also asked how the port would compete with Colombo, Port Klang and Singapore. The funding was refused and the Ports Ministry was told to find the money internally.
Congress Intervenes
