Adani Ports commits $3.2 billion to expand Vizhinjam port capacity to 5.7 million TEU by 2029, marking a significant investment in Kerala.
Adani Ports and Special Economic Zone (APSEZ) will invest INR300 billion (US$3.2 billion) in developing Vizhinjam port, expanding its capacity from one million TEU to 5.7 million TEU by 2029, reports Chennai's Hindu daily.
APSEZ managing director Karan Adani stated that the investment includes INR16,000 crore under phase two. He described the project as the largest private investment in Kerala, positioning Vizhinjam as the biggest transshipment port in the Indian subcontinent.
Mr. Adani told the inauguration ceremony that Vizhinjam will also be India's most technologically advanced port. He emphasized that it would serve as a model for how future Indian ports should operate.
He credited the late Kerala Chief Minister Oommen Chandy for initiating the project and praised current Chief Minister Pinarayi Vijayan for sustaining its momentum. Mr. Adani noted that political clarity and long-term commitment are vital for large infrastructure projects.
He added that Mr. Vijayan's consistent support has been central to turning Vizhinjam into a nationally and globally significant maritime hub. He referred to the Chief Minister as the company's biggest asset in implementing such a large greenfield project.
