Vizhinjam Port Completes First Phase: Minister Vasavan

By By Rediff Money Desk, Thiruvananthapuram
Dec 03, 2024 19:26
Vizhinjam Port, Kerala's first international deep-water transshipment port, completes its first phase of operations. Minister Vasavan announced the achievement, highlighting the port's success in handling cargo and contributing to the state's economic growth.
Photograph: ANI Photo
Thiruvananthapuram, Dec 3 (PTI) After the first cargo vessel reached Vizhinjam Port in July this year, the official completion of the international deep-water transshipment port's first phase of operations was announced by State Ports Minister V N Vasavan on Tuesday.

In a Facebook post, Vasavan said that the port demonstrated its capabilities during the five-month trial run phase, during which 70 cargo ships, including ultra-large motherships, arrived, and 1.47 lakh containers were handled.

Developed by Adani Ports and Special Economic Zone Ltd (APSEZ), India's largest port developer and part of the Adani Group, the port was constructed under a public-private partnership model at an estimated cost of Rs 8,867 crore.

The minister added that agencies like Vizhinjam International Seaport Limited, Adani Vizhinjam Port Private Limited, and the Indian Institute of Technology, Madras have jointly completed all necessary steps as per the agreement.

The provisional completion certificate for the first phase of construction and arrangements will be handed over on Wednesday, the minister added.

Vasavan stated the port's operation will pave the way for a "significant transformation in Kerala's international trade."

This achievement will also contribute to boosting the state's economic growth, he added.
Source: PTI
Read More On:
vizhinjam portadani portsinternational tradekeraladeep-water port
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

ICICI Prudential AMC IPO Opens Friday

ICICI Prudential AMC raises Rs 3,022 Cr from anchor investors. IPO opens Dec 12. Price...

AWS Invests $7B in Telangana Data Center Expansion

AWS to invest USD 7 billion in Telangana for data center expansion over 14 years. Boost...

Cyber Attacks Surge Post Operation Sindoor

Cyber attacks on government networks surged 7x after Operation Sindoor. NICSI MD...

RBI Injects Liquidity via OMO Purchase

RBI injects Rs 50,000 crore liquidity through Open Market Operation (OMO) purchases of...

IndiGo Flight Disruptions: Captain Gopinath...

Captain Gopinath analyzes IndiGo flight disruptions, citing arrogance, poor planning,...

Leverage Edu: Dubai Study Surge from India

Leverage Edu reports a 40x surge in applications from India to study in Dubai. Dubai is...

RBI Cancels NBFC Registrations

RBI cancels registration of 4 NBFCs, 4 others surrender certificates. Action taken...

RBI Eases Cash Credit Restrictions

RBI relaxes restrictions on cash credit facilities after stakeholder feedback. Draft...

Indian Startup Funding & Investments News

Latest funding news: Neosapien raises USD 2 mn, Isprout borrows Rs 60 cr, Ekta World...

Rajasthan Progressing: CM Sharma on Development

CM Sharma highlights Rajasthan's rapid progress in tourism, IT, renewable energy,...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com