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Business Standard
01-05-2025
- Business
- Business Standard
PM Modi to dedicate Vizhinjam International Seaport to nation Friday
Almost five months after starting commercial operations, Prime Minister Narendra Modi will dedicate the Vizhinjam International Seaport to the nation on Friday. This comes at a time when Karan Adani, managing director, Adani Ports and SEZ, indicated that the group will invest ₹20,000 crore more in Vizhinjam Port, in addition to the already invested ₹5,000 crore. Based on an estimate, on an annual basis, the advantage due to this port will be to the tune of ₹2,500 crore. This is India's first transshipment hub and first deepwater container terminal. In July 2024, the port's operations officially kicked off when MV San Fernando, a vessel chartered by the world's second-largest shipping company, Maersk, arrived at the port. The commercial operations of Phase I of the project started in December 2024, and Phases II to IV of the project are likely to be over by December 2028. According to the detailed project report, Vizhinjam will be competing with Cochin and Tuticorin for its gateway containerised cargo; and with international ports like Colombo in Sri Lanka, Salalah in Oman, and Singapore for container transshipment traffic. During the first phase, the Vizhinjam Port will have the capacity to handle one million 20-foot equivalent units (TEUs), and subsequent phases will see the addition of 6.2 million TEUs. The Vizhinjam International Port is hardly 11 nautical miles away from the international shipping channel. Nearly 30 per cent of the freight movement takes place through this international shipping route south of the Indian peninsula. It will be India's first international deepwater transshipment port. The port has a natural draft of more than 18 metres, scalable up to 20 metres. This makes it capable of hosting even the world's largest container ship. Around 75 per cent of India's transshipped cargo is handled by ports such as Colombo, Singapore, Salalah, Jebel Ali, Tanjung Pelepas, and Port Klang (in Malaysia). This will be routed to India once the transshipment hub is in place. According to the state government, out of the initial cost of ₹8,867 crore spent for the port project, the state government's contribution is ₹5,595 crore, while Adani Group's contribution will be ₹2,454 crore.
Times of Oman
18-04-2025
- Business
- Times of Oman
PM Modi to inaugurate Vizhinjam International Seaport in Kerala on May 2
Thiruvananthapuram: Prime Minister Narendra Modi will on May 2 inaugurate Vizhinjam International Seaport, a strategic maritime project near Thiruvananthapuram in Kerala. Making the announcement, Kerala Chief Minister Pinarayi Vijayan said Vizhinjam is India's first semi-automated trans-shipment port. "Vizhinjam International Seaport, India's first semi-automated transshipment port, will be dedicated to the nation by Hon'ble PM @narendramodi on May 2. With 265 ships and 5.48 lakh TEUs handled since commercial launch, @PortVizhinjam marks Kerala's rise on the global maritime trade map," Vijayan said in a post on X. In July 2024, Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal received the first Mother Ship, MV San Fernando, marking the beginning of operation at India's first deepwater container transhipment port in Vizhinjam. He had said that Vizhinjam is India's first truly deep water International Container Transhipment terminal. "This is the testament of the vision of 'Make in India' where a PPP collaboration among Kerala government, Centre and Adani Port SEZ has created a wonderful asset for growth of India's maritime sector," Sonowal had said. Vizhinjam port is the first Greenfield port project in India, initiated by a state government with an investment exceeding Rs 18,000 crore. Developed under the Public Private Partnership (PPP) mode, it stands as one of the largest initiatives in the country's port sector. Vizhinjam's strategic location near international shipping routes significantly reduces transit times for vessels, making it a pivotal point for maritime trade. As one of India's few natural deep-water ports, it can efficiently accommodate large cargo and container ships. The development of Vizhinjam International Seaport is poised to boost Kerala's economic growth by creating jobs, enhancing trade, and attracting investments. Vizhinjam is set to become a key player in regional trade, potentially serving as a gateway for commerce between Southeast Asia, the Middle East, and Africa. The project was allotted to APSEZ after the Government of Kerala and Adani Vizhinjam Port Private Ltd. (AVPPL) agreed to a concession agreement in 2015. Adani Group has seven strategically located ports and terminals on the west coast (Mundra, Tuna Tekra & Berth 13 in Kandla, Dahej, and Hazira in Gujarat, Mormugao in Goa, Dighi in Maharashtra and Vizhinjam in Kerala) and eight ports and terminals on the East coast (Haldia in West Bengal, Dhamra and Gopalpur in Odisha, Gangavaram and Krishnapatnam in Andhra Pradesh, Kattupalli and Ennore in Tamil Nadu and Karaikal in Puducherry), representing 27 per cent of the country's total port volumes. The Adani Group company is also developing a trans-shipment port in Colombo, Sri Lanka, operates the Haifa Port in Israel and a container terminal in Dar es Salaam Port, Tanzania.
