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The Hindu
03-05-2025
- Business
- The Hindu
Port economy will drive India's growth, says PM
Coastal States and port cities will become key growth centres for a developed India, Prime Minister Narendra Modi said on Friday, speaking after commissioning the ₹8,800-crore Vizhinjam International Deepwater Multipurpose Seaport in Kerala's capital, Thiruvananthapuram. The Centre is committed to strengthening this channel of economic power to take the maritime sector to new heights, he said. The port economy reaches its full potential when infrastructure and the ease of doing business are promoted together, Mr. Modi said, noting that this has been the blueprint of the Centre's port and waterways policy over the last decade. Underscoring the critical role of the private sector, he said that thousands of crores have been invested through public-private partnerships (PPP) over the past 10 years, to upgrade India's ports to global standards and make them future-ready. With a natural deep draft of nearly 20 metres and located near one of the world's busiest sea trade routes, the new Vizhinjam port is expected to strengthen India's position in global trade, enhancing logistics efficiency, and reducing reliance on foreign ports for cargo transshipment. The Vizhinjam facility is the country's first dedicated container transshipment port, and was developed by Adani Ports and Special Economic Zone Ltd, through a public-private partnership with the Kerala government. Noting that private sector participation has driven innovation and enhanced efficiency, he said that even a State government headed by a Communist regime in Kerala could find a private sector giant to be a trusted partner in a flagship infrastructure development project. Mr. Modi also wondered whether two prominent INDIA bloc leaders sharing the dais with him — Kerala Chief Minister Pinarayi Vijayan and Congress MP Shashi Tharoor — would cause discomfort in some quarters. Terming the Vizhinjam port as a symbol of new age development, the Prime Minister said that the capacity of this transshipment hub would triple in the coming years, enabling the smooth arrival of some of the world's largest cargo ships. He also pointed out that 75% of India's transshipment operations were previously conducted at foreign ports, leading to significant revenue loss for the country. Stating that this situation is now set to change, he asserted that Indian money would now serve India, and the funds that once flowed outside the country would generate new economic opportunities within the country. The Union Budget for the current financial year introduced a new policy to promote the construction of large ships in India, which will significantly boost the manufacturing sector. Noting the growth of the shipping and port infrastructure in the last 10 years, Mr. Modi said that two Indian ports are now ranked among the world's top 30, while India has improved its position on the Logistics Performance Index and stands among the top 20 countries in global shipbuilding. India is also setting up a shipbuilding and repair cluster in Kochi, the Prime Minister said. Once completed, this cluster will create numerous new employment opportunities, providing Kerala's local talent and youth with a platform for growth, he said. Mr. Modi invoked Adi Shankara and Saint Thomas Church in his inaugural speech. If Adi Shankara was instrumental in awakening the consciousness of the nation, whose efforts laid the foundation for a unified and spiritually enlightened Bharat, the Saint Thomas Church showed that Kerala has always been a land of harmony and tolerance, he said. The Hindu's Editorials The Hindu's Daily Quiz What is the new enumeration added by the Union Cabinet in the census in India? Tax details Income Caste Marital status To know the answer and to play the full quiz, click here .
The Hindu
02-05-2025
- Business
- The Hindu
Port economy to drive India's growth to new heights: PM
Coastal States and port cities will become key growth centres for a developed India, Prime Minister Narendra Modi said on Friday, speaking after commissioning the ₹8,800 crore Vizhinjam International Deepwater Multipurpose Seaport in Kerala's capital. The Centre is committed to strengthening this channel of economic power to take the country's maritime sector to new heights, he said. The port economy reaches its full potential when infrastructure and the ease of doing business are promoted together, Mr. Modi said, noting that this has been the blueprint of the Centre's port and waterways policy over the last decade. Underscoring the critical role of the private sector, the Prime Minister said that thousands of crores have been invested through public-private partnerships (PPP) over the past 10 years, helping to upgrade India's ports to global standards and making them future-ready. With a natural deep draft of nearly 20 metres and located near one of the world's busiest sea trade routes, the new Vizhinjam port is expected to strengthen India's position in global trade, enhancing logistics efficiency, and reducing reliance on foreign ports for cargo transshipment. Unlikely partnerships The Vizhinjam facility is the country's first dedicated container transshipment port, and was developed by Adani Ports and Special Economic Zone Ltd (APSEZ), through a public-private partnership with the Kerala government. Noting that private sector participation has driven innovation and enhanced efficiency, he said that even a State government headed by a Communist regime in Kerala could find a private sector giant to be a trusted partner in a flagship infrastructure development project. Mr. Modi also wondered whether two prominent INDIA bloc leaders sharing the dais with him – Kerala Chief Minister Pinarayi Vijayan and Congress MP Shashi Tharoor — would cause discomfort in some quarters. Reduced reliance on foreign ports Terming the Vizhinjam port as a symbol of new age development, the Prime Minister said that the capacity of this transshipment hub would triple in the coming years, enabling the smooth arrival of some of the world's largest cargo ships. He also pointed out that 75% of India's transshipment operations were previously conducted at foreign ports, leading to significant revenue loss for the country. Stating that this situation is now set to change, he asserted that Indian money would now serve India, and the funds that once flowed outside the country would generate new economic opportunities within the country. The Union Budget for the current financial year introduced a new policy to promote the construction of large ships in India, which will significantly boost the manufacturing sector. Noting the growth of the shipping and port infrastructre in the last 10 years, Mr. Modi said that two Indian ports are now ranked among the world's top 30, while India has improved its position on the Logistics Performance Index and stands among the top 20 countries in global shipbuilding. India is also setting up a shipbuilding and repair cluster in Kochi, the Prime Minister said. Once completed, this cluster will create numerous new employment opportunities, providing Kerala's local talent and youth with a platform for growth, he said. Mr. Modi invoked Adi Shankaracharya and Saint Thomas Church in his inaugural speech. If Shankaracharya was instrumental in awakening the consciousness of the nation whose efforts laid the foundation for a unified and spiritually enlightened Bharat, the Saint Thomas Church showed that Kerala has always been a land of harmony and tolerance, he said. The Prime Minister also paid tribute to the late Pope Francis on the occasion, acknowledging his spirit of service and his efforts to ensure inclusivity within Christian traditions.
Mint
02-05-2025
- Business
- Mint
PM Modi in Kerala, Andhra Pradesh today. Full itinerary – from inaugurations to public meetings
Prime Minister Narendra Modi in visiting Kerala and Andhra Pradesh to inaugurate developmental projects and address gatherings today, 2 May. Modi will inaugurate the 'Vizhinjam International Deepwater Multipurpose Seaport' worth ₹ 8,900 crore in Kerala. Later, he will lay the foundation stone, inaugurate and dedicate to the nation multiple development projects worth over ₹ 58,000 crore in Amaravati. Modi will land in Kerala today at around 10:30 AM, according to an official statement from the government. The Prime Minister will dedicate to the nation Vizhinjam International Deepwater Multipurpose Seaport. He will also address the gathering on the occasion, the statement said. Later, he will travel to Andhra Pradesh and at around 3:30 PM where he will lay the foundation stone, inaugurate and dedicate to the nation multiple development projects worth over ₹ 58,000 crore in Amaravati. Modi will also address a public function here too. The Prime Minister will dedicate to the nation Vizhinjam International Deepwater Multipurpose Seaport worth ₹ 8,900 crore. It is country's first dedicated container transshipment port that represents the transformative advancements being made in India's maritime sector as part of the unified vision of Viksit Bharat. 'Vizhinjam Port, having strategic importance, has been identified as a key priority project which will contribute in strengthening India's position in global trade, enhance logistics efficiency, and reduce reliance on foreign ports for cargo transshipment. It's natural deep draft of nearly 20 meters and location near one of the world's busiest sea trade routes further strengthens India's position in global trade,' the statement said. The Prime Minister will inaugurate, lay the foundation stone and dedicate to the nation multiple development projects worth over ₹ 58,000 crore in Amaravati, Andhra Pradesh. Prime Minister Modi will inaugurate seven National Highway projects in Andhra Pradesh. These Projects include widening of various sections of National Highways, construction of Road over bridge and subway among others. 'These projects will further enhance road safety; create employment opportunities; provide seamless connectivity to religious and tourist places like Tirupati, Srikalahasti, Malakonda and Udayagiri Fort among others,' the statement said. The Prime Minister will also dedicate to the nation railway projects aimed at enhancing connectivity and boosting capacity. These projects are doubling of the rail line between Bugganapalle Cement Nagar and Panyam stations, enhancing connectivity between Rayalaseema and Amaravati and construction of a third rail line between New West Block Hut Cabin and Vijayawada stations. He will also lay the foundation stone of six National Highway projects and one Railway project. These projects include widening of various sections of National highways; construction of elevated corridors, half clover leaf and Road over bridge, among others. Modi will lay the foundation stone for multiple infrastructure projects that include the Legislative Assembly, High Court, Secretariat, other administrative buildings and housing buildings for over 5,200 families, worth over ₹ 11,240 crore. It will also include trunk infrastructure and flood mitigation projects featuring a 320 km world-class transport network with underground utilities and advanced flood management systems, worth over ₹ 17,400 crore. The Land Pooling Scheme Infrastructure projects will cover 1,281 km of roads equipped with central medians, cycle tracks, and integrated utilities across the capital city of Amaravati, worth over ₹ 20,400 crore. The Prime Minister will also lay the foundation stone of Missile Test Range at Nagayalanka in Andhra Pradesh worth around ₹ 1,460 Crore. It will comprise a launch center, technical instrumentation facilities, Indigenous Radars, Telemetry and Electro-Optical systems enhancing the country's defence preparedness. Vizhinjam Port, having strategic importance, has been identified as a key priority project which will contribute in strengthening India's position in global trade. The Prime Minister will lay the foundation stone of PM Ekta Mall at Madhurawada in Visakhapatnam. It has been envisioned with the objective of fostering national integration, supporting the Make in India initiative, promoting One District One Product, generating employment opportunities, empowering rural artisans, and enhancing the market presence of indigenous products. First Published: 2 May 2025, 08:17 AM IST
India Gazette
01-05-2025
- Business
- India Gazette
Adani Group's expertise crucial in operationalising Vizhinjam Port project: Former VISL MD
By Sahil Pandey Thiruvananthapuram (Kerala) [India], May 2 (ANI): AS Suresh Babu, former managing director and chief executive officer of Vizhinjam International Seaport Ltd. (VISL), has said that Adani Group's expertise and experience helped deal with difficulties and hurdles in the work related to Vizhinjam Port project, which will be inaugurated on Friday. Prime Minister Narendra Modi will dedicate to the nation, Vizhinjam International Deepwater Multipurpose Seaport, worth Rs 8,900 crore. As India's first dedicated container trans-shipment port, it represents transformative advancements in the country's maritime sector, aligning with the vision of Viksit Bharat. 'Given the difficulties and hurdles faced during the construction period, only Adani (Group) could have completed this project. They understand Indian conditions, particularly those in Kerala. Their expertise and experience in building and operating ports was crucial in the project and making it operational,' Babu told ANI. The Vizhinjam Port holds strategic importance and is a key priority project. It will strengthen India's position in global trade, enhance logistics efficiency, and reduce reliance on foreign ports for cargo transshipment. With a natural deep draft of nearly 20 meters and its proximity to one of the world's busiest sea trade routes, the port further bolsters India's global trade capabilities. AS Suresh Babu said the port will foster a new industrial culture in the region and generate significant employment opportunities. 'As far as Thiruvananthapuram is concerned, this is a significant development. We are getting an international trans-shipment port here. Supporting infrastructure, such as the outer ring road, rail connectivity, and links to national highways, is in the planning stage. With these developments, I foresee a bright future for area development and the emergence of a new industrial culture, generating substantial direct and indirect employment,' he said. 'This project is not just for Thiruvananthapuram or Kerala--it is for India. It represents a major infrastructure milestone in the maritime sector. With Adani's experience and expertise, I am confident they will do an excellent job,' he added. (ANI)
Hans India
01-05-2025
- Business
- Hans India
Tight security in Thiruvananthapuram ahead of PM Modi's visit today
The capital city of Thiruvananthapuram is on high security alert as Prime Minister Narendra Modi is scheduled to arrive here later in the day to inaugurate the Vizhinjam International Port, a maritime infrastructure project. PM Modi will arrive here after attending an event in Mumbai and stay overnight at Kerala Governor Rajendra Vishwanath Arlekar's official residence. By noon, the road from the airport to the Governor's address will be taken over by the security officials, and no parking on either side will be allowed. On Friday, he will leave for the Pangode Military camp here and board the helicopter to reach Vizhinjam near here. The formal dedication of the port to the nation is scheduled at 11 a.m. Friday at a special venue. The Prime Minister will dedicate the Vizhinjam International Deepwater Multipurpose Seaport worth Rs 8,900 crore to the nation. It is the country's first dedicated container transhipment port that represents the transformative advancements being made in India's maritime sector as part of the unified vision of Viksit Bharat. Vizhinjam Port, having strategic importance, has been identified as a key priority project which will contribute to strengthening India's position in global trade, enhance logistics efficiency, and reduce reliance on foreign ports for cargo transhipment. Its natural deep draft of nearly 20 meters and location near one of the world's busiest sea trade routes further strengthen India's position in global trade. After dedicating the Vizhinjam Port to the nation, he will return by helicopter to the airport and leave for Andhra Pradesh. Once there, he will inaugurate, lay the foundation stone and dedicate to the nation multiple development projects worth over Rs 58,000 crore in Amaravati. In line with his commitment to ensure world-class infrastructure and connectivity across the country, the Prime Minister will inaugurate seven National Highway projects in Andhra Pradesh. The Prime Minister will also dedicate to the nation railway projects aimed at enhancing connectivity and boosting capacity.
