Investments Exceeding Rs 10,000 Crore Expected for Vizhinjam Port: Official
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Thiruvananthapuram, Nov 28 (NationPress) An official from the emerging Vizhinjam Port in Kerala revealed on Thursday that the port's Phases II, III, and IV, expected to be completed by 2028, will draw investments amounting to Rs 10,000 crores.
Divya S Iyer, Managing Director of Vizhinjam International Seaport Limited (VISL), made this statement during a discussion titled "Economic Diversification through Port-Driven Industrial Clusters: The Vizhinjam Potential" at the ongoing Huddle Global Fest 2024, hosted by Kerala Startup Mission (KSUM) in Kovalam.
Despite the setbacks caused by three natural disasters, including the Okhi cyclone, the 2019 floods, and the Covid pandemic, we have successfully maintained the momentum in the port’s development. Upon completion of Phases II, III, and IV, we will have the capacity to dock five mother ships simultaneously, positioning Vizhinjam as the largest port in the nation,” stated Divya.
She emphasized that the government is concentrating on enhancing various development facets of Vizhinjam, including improving road and rail connectivity.
Highlighting the strategic significance of Vizhinjam Port for the nation, Pradeep Jayaraman, CEO of Adani Vizhinjam Port, noted that the port is ideally located for global market access.
“Situated just 10 nautical miles from the international sea route, Vizhinjam serves as a vital seaport in South India. Given that South India lacks ports capable of accommodating large vessels, Vizhinjam will effectively address this issue,” added Jayaraman.
He also mentioned that industries focused on high-end pharmaceuticals, food processing—particularly fisheries, beauty products, medical devices, and tourism—can flourish with the development of Vizhinjam Port.
“We can utilize technology to overcome challenges related to warehouse facilities and land availability, as Vizhinjam is already the largest semi-automated port in the country,” he further remarked.
