The Kerala government took a decisive step forward in maritime strategy by formalizing ₹2,000 crore MoUs with IOCL, CONCOR, and CWC for Vizhinjam International Seaport’s logistics backbone. Held in the presence of CM Pinarayi Vijayan within the legislative assembly, the signings reflect a nuanced PPP framework that keeps core infrastructure under public stewardship amid Adani’s operational role.
VISL spearheads the collaboration, focusing on bunkering, rail cargo, and warehousing to diversify service providers and foster competition. This setup promises fair pricing and resilience for the thriving trade ecosystem.
IOCL’s ₹700 crore bunkering project will equip the port to fuel ocean-going ships, cementing Vizhinjam’s status as an Indian Ocean refueling powerhouse and diversifying revenue beyond core handling.
With ₹600 crore, CONCOR will roll out inland container facilities tied to rail networks, cutting dwell times and linking Kerala seamlessly to national markets. CWC’s matching ₹700 crore investment births a 50-acre logistics park tailored for perishables and exports, all funded without dipping into state coffers.
Attended by top officials, the event caps a series of calculated moves to amplify Vizhinjam’s strategic edge. This logistics masterplan not only enhances connectivity but also positions Kerala as a formidable player in international commerce, attracting investments and spurring regional development.