Adani Group increases investment to Rs 20,000 Cr, announces seafood park

THIRUVANANTHAPURAM : The Adani Group has announced several new projects at its Vizhinjam International Seaport, including a cruise terminal, a bunkering unit for refuelling ships, a fishing harbour, a cement grinding plant, and a seafood park.

This development is in addition to the next three phases of the port’s expansion, which are set to be completed within four years. Recognising the vast potential of Vizhinjam Port, the company has decided to double its investment.

Initially, the Adani Group had announced an investment of Rs 10,000 crore for the next three phases. However, during the reception of the new mother ship, Karan Adani, Managing Director of Adani Ports and SEZ Limited (APSEZ), revealed that the investment would be increased to Rs 20,000 crore.

Vizhinjam Seaport is located very close to the famous Kovalam beach and has water connectivity to many regional and international ports. This is the first transshipment port in the country. Until now, India was dependent on Colombo, Dubai, and Singapore ports for transshipment. Now, Vizhinjam International Seaport will be the transshipment hub of the country.

The Vizhinjam International Seaport has been developed by Adani Ports and Special Economic Zone Ltd (APSEZ) with a total investment of Rs 8,867 crore. The Kerala state government has contributed about Rs 5,595 crore, while the central government has contributed Rs 818 crore towards the port.

Built on a public-private partnership model, the construction of Vizhinjam International Port commenced in 2016. The project was allotted to APSEZ on December 5, 2015, after the Government of Kerala and Adani Vizhinjam Port Private Ltd (AVPPL) agreed to a concession agreement on August 17, 2015.