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Vizhinjam Port economy to drive India’s growth to new heights: Prime Minister

2 min read

Inauguration of Vizhinjam International Seaport

The Prime Minister inaugurated the ₹8,800 crore Vizhinjam International Deepwater Multipurpose Seaport in Thiruvananthapuram, Kerala, emphasizing the role of coastal states and port cities as key growth centers for a developed India.

Key Highlights

  • Economic Growth:
    The port is part of a commitment to strengthen India's maritime sector and is expected to enhance logistics efficiency and reduce reliance on foreign ports for transshipment.
  • Public-Private Partnership:
    Developed by Adani Ports and Special Economic Zone Ltd (APSEZ) through a public-private partnership with the Kerala government, this project highlights the critical role of private sector participation in infrastructure development.
  • Infrastructure Development:
    PM highlighted the synergy of infrastructure development and ease of business as part of the Centre's decade-long port and waterways policy.
  • Global Trade Position:
    The Vizhinjam port, with its natural deep draft and proximity to major sea trade routes, will strengthen India's position in global trade.

Future Prospects

  • Transshipment Hub:
    The port's capacity is expected to triple, facilitating the arrival of the world's largest cargo ships and reducing transshipment through foreign ports.
  • Economic Opportunities:
    Domestic economic opportunities will increase as funds previously flowing abroad will now serve the nation.

Strategic Initiatives

  • Policy Introductions:
    The Union Budget has introduced policies to promote large ship construction in India, boosting the manufacturing sector.
  • Global Rankings:
    India has two ports ranked among the world's top 30 and has improved its Logistics Performance Index position to be among the top 20 in global shipbuilding.
  • Shipbuilding Cluster:
    A shipbuilding and repair cluster in Kochi will create new employment opportunities and support local talent.

Cultural References

Prime Minister invoked figures like Adi Shankaracharya and Saint Thomas Church to emphasize Kerala's historical significance as a land of harmony and spiritual enlightenment.

Tribute

Prime Minister also paid tribute to the late Pope Francis, recognizing his contributions to inclusivity within Christian traditions.

  • Tags :
  • Ports
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