: Visakhapatnam Port inner harbour view / Wikipedia/Visakhapatnam Port
The Corio Deepwater Port in southern Peru has emerged as a rare geoeconomic opening for India, with analysts calling it a potential trade gateway that could shape New Delhi’s commercial and strategic outlook for the next several decades.
Corio sits on one of the deepest natural drafts on South America’s Pacific coast, at 28 meters, which allows it to host Very Large Bulk Carriers. The port’s capacity can scale beyond 100 million tonnes a year, positioning it as an attractive hub for India’s expanding maritime footprint.
With roughly 90 percent of global trade moving by sea, access to strategic deepwater ports is becoming central to India’s plans for industrial growth, food security, and its clean-energy transition. Corio’s combination of depth, geography, and growth potential makes it a compelling candidate.
Peru’s role as the world’s third-largest copper producer adds another layer of significance for India, which is racing to secure critical minerals. Corio also offers a continental gateway to four major South American economies — Bolivia, Brazil, Argentina, and Chile.
A dedicated maritime corridor between Corio and Visakhapatnam could streamline trade flows, though analysts say India will need to approach the opportunity with long-term planning. Options under discussion include a public-private investment consortium and an India-led pre-feasibility and ESG review to align the project with national interests.
ADVERTISEMENT
ADVERTISEMENT
Comments
Start the conversation
Become a member of New India Abroad to start commenting.
Sign Up Now
Already have an account? Login