City
Epaper

Adani group to invest Rs30,000 crore in Kerala over next five years: Karan Adani

By ANI | Updated: February 21, 2025 14:50 IST

Kochi (Kerala) [India], February 21 : Karan Adani, Managing Director of Adani Ports & SEZ Ltd. announced a massive ...

Open in App

Kochi (Kerala) [India], February 21 : Karan Adani, Managing Director of Adani Ports & SEZ Ltd. announced a massive Rs30,000 crore investment in Kerala over the next five years, strengthening the state's infrastructure and economic growth, during Invest Kerala Global Summit 2025

Karan Adani said, "In total, the Adani group is going to invest Rs. 30,000 crore in next five years in the state of Kerala."

He highlighted the group's commitment to transforming Kerala into a major logistics and transportation hub.

"The Adani group has already invested Rs 5,000 crore in Vizhinjam and are committing an additional investment of Rs 20,000 crore. This is not only India's first transhipment hub, but our vision is to make Vizhinjam the largest transhipment port in this part of the region," Karan Adani said.

The Vizhinjam Port, India's first transhipment hub, has already made history by docking the largest container vessel to ever touch Indian shores, with a 24,000-container capacity. Its strategic location along the world's busiest shipping lanes makes it a key player in global trade.

He said, "Further we will be expanding the Trivandrum International Airport from 4.5M to 12M passengers, with Rs 5,500 crore. We will also be setting up a Logistics and E-Commerce hub in Cochin, and also increase our Cement capacity in Cochin."

Additionally, the group will set up a Logistics and E-Commerce hub in Kochi and expand cement production capacity in the city.

He emphasized, "Today, Vizhinjam continues this rich tradition, placing India at the heart of global commerce. At the Adani Group, we are proud to contribute to this new era."

"Vizhinjam is strategically located along the world's busiest shipping lanes, even before commissioning, made history by docking the largest container vessel to ever touch the Indian shores, with capacity of 24,000 containers," he added.

Quoting Gautam Adani, Chairman of the Adani Group, Karan Adani said, "The infrastructure sector is all about building assets for the nation and nation-building."

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalFrench President Macron meets Qatari Emir, reiterates his commitment to sovereignty of Qatar after Israeli strikes

InternationalCharlie Kirk dies after being shot at Utah Valley University event, confirms Trump

EntertainmentJodie Foster says her mom inspired to take up her firs French speaking lead role

EntertainmentOlivia Colman says she is terrible at acting for the medium of theatre

International"We must all pray": Trump after conservative activist Charlie Kirk shot at Utah University event

Business Realted Stories

BusinessIowa Gov Kim Reynolds visits Praj Industries, Mittal Farm aims to strengthen economic ties

BusinessTN Transport Dept seeks bids for vehicle tracking device installation

BusinessEACC to make TN hub for global trade and EV exports, says Rohit Gupta

BusinessAir India starts special flights on Delhi-Kathmandu route for stranded flyers

BusinessTop discount brokers Groww, Zerodha, Angel One, Upstox's investors base continues to shrink in August