City
Epaper

Vizhinjam Port will attract investments over Rs 10,000 crores: Official

By IANS | Updated: November 28, 2024 20:45 IST

Thiruvananthapuram, Nov 28 A top official of the upcoming Vizhinjam Port in Kerala on Thursday said that the ...

Open in App

Thiruvananthapuram, Nov 28 A top official of the upcoming Vizhinjam Port in Kerala on Thursday said that the port projects Phase II, III & IV by 2028 will attract investments worth Rs 10,000 crores.

Divya S Iyer, Managing Director, Vizhinjam International Seaport Limited (VISL), said this while speaking at a discussion on “Economic Diversification through Port-Driven Industrial Clusters: The Vizhinjam Potential’ at the ongoing Huddle Global Fest 2024 organised by KSUM (Kerala Startup Mission) at Kovalam.

“Even after the delay caused by three natural disasters including the Okhi cyclone, the 2019 floods and the Covid pandemic, we have managed to keep up the momentum in the development of the port. With the completion of Phase II, III and IV, we can anchor five mother ships simultaneously which will make Vizhinjam the largest port in the country,” said Divya.

She added that the government is focused on the various development aspects of Vizhinjam including the development of road and rail connectivity.

Stressing on the strategic importance of Vizhinjam Port for the country, CEO of Adani Vizhinjam Port Pradeep Jayaraman said that Vizhinjam is rightly positioned for global market access.

“Vizhinjam is just 10 nautical miles away from the international sea route which makes it a critical seaport in South India. Since South India does not have ports that can handle large ships, Vizhinjam will solve this problem,” said Jayaraman.

He added that high-end pharma and food processing industries especially based on fisheries, beauty products industries, medical device industry, tourism etc can thrive with the completion of Vizhinjam Port.

“We can overcome the lack of warehouse facilities and land using technology, Vizhinjam is already the largest semi-automated port in the country,” he further pointed out.

--IANS

sg/dan

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

NationalWoman tourist harassment case: Two Kerala cops suspended, two taxi drivers arrested

Cricket"Girls were brilliant": Mithali Raj hails India Women's team on maiden ICC World Cup win

Aurangabad‘Secrets in Sequence’ — Where science meets suspense; A medical thriller by Dr N G Ukadgaonkar

InternationalExposition of relics in Russia reinforces India's role as global custodian of Buddhist heritage: Report

TechnologyAt 92 pc, India’s AI adoption rate highest in Asia Pacific: Report

National Realted Stories

NationalBJP holds statewide protests in Jharkhand over HIV-infected blood transfusion to thalassemia patients

NationalBus-truck collision: Telangana announces Rs 7 lakh ex gratia, magisterial inquiry

NationalSC seeks CAQM affidavit on worsening air quality in Delhi-NCR

NationalK'taka: BJP to support sugarcane farmers' protest in Belagavi, says state unit chief Vijayendra

NationalThe grip of monopoly: Indian commerce as battleground in the British Parliament (From the Archives)