Commissioning of Vizhinjam International Seaport

Prime Minister officially inaugurated the Vizhinjam International Seaport, highlighting its future role in enhancing India's transshipment capabilities. He emphasized that the port's capacity would triple, enabling the accommodation of some of the world's largest cargo ships.

Economic Impact

• Previously, 75% of India’s transshipment operations took place at foreign ports, causing significant revenue loss.
• The new seaport is expected to retain funds within India, boosting economic opportunities in Kerala and Vizhinjam.
• Vizhinjam is positioned as a vital hub for global commerce, continuing Kerala's historical significance in trade.

Government and Private Sector Collaboration

• The port was developed by Adani Ports, with Prime Minister acknowledging the contribution of the private sector.
• Public-Private Partnership (PPP) model has been crucial, with significant investments enhancing port standards and efficiency.
• Kerala Ports Minister termed Adani Group as a "partner" to the state government, indicating changing dynamics in India's economic landscape.

Future Prospects

• The seaport is expected to become a key center for India's growth, reinforcing the economic role of India’s coastal states and port cities.
• PM’s vision includes making India's maritime industry future-ready through innovation and efficiency driven by private sector involvement.