Karan Adani, Managing Director of Adani Ports and SEZ Ltd, announced that the Adani Group will invest ₹30,000 crore in Kerala over the next five years.
This landmark investment is set to propel the state’s growth in multiple sectors, including ports, airports, logistics, and cement production.
The focus will be on expanding the state’s infrastructure, contributing significantly to Kerala’s economic and industrial transformation.
Strengthening Global Trade Through Vizhinjam Port
The Adani Group will direct a significant portion of its investment towards expanding the Vizhinjam port, allocating ₹20,000 crore for its development.
The port will become India’s first transshipment hub and the largest transshipment port in the region, positioning Kerala as a key player in global trade.
The Adani Group has already invested ₹5,000 crore into the project and is working to increase the port’s capacity to accommodate larger container ships, enabling it to handle up to 24,000 containers.
This move will strengthen India’s position in the global shipping industry, as Vizhinjam is strategically located along the world’s busiest shipping lanes.
Expansion Of Thiruvananthapuram International Airport
Adani Group is also focusing on expanding the Thiruvananthapuram International Airport, investing ₹5,500 crore to increase its capacity from 4.5 million passengers annually to 12 million.
This expansion will boost tourism, improve connectivity, attract national and international travelers, and drive Kerala’s economic growth by strengthening its position as a travel hub in South India.
Building A Logistics and E-Commerce Hub In Kochi
In addition to its investments in ports and airports, Adani Group is setting up a logistics and e-commerce hub in Kochi.
This project aims to streamline supply chains and improve infrastructure for online retail businesses.
Kochi’s strategic location and growing industrial base make it a prime candidate for such a hub, which will further bolster Kerala’s position as an important economic center in India.
Commitment To Kerala’s Development And Vision For The Future
Karan Adani emphasized that Kerala’s remarkable transformation over the years has made it a model of development and progress.
The state’s impressive performance in Ease of Doing Business and its reputation as a global startup hub are a testament to the forward-thinking policies of the state government.
Under the leadership of Chief Minister Pinarayi Vijayan, Kerala has demonstrated a commitment to both economic development and social welfare, with projects like the LIFE project that has provided homes to the underprivileged, and the state’s exceptional disaster management capabilities.
Adani also pointed out Kerala’s rich legacy in global trade, citing the ancient port of Muziris, which connected India to Rome, Egypt, and China centuries ago.
Today, Vizhinjam port continues this legacy, with Adani Group playing a key role in positioning it as a modern-day hub for international commerce.
Aligning With National Growth And Vision
Adani reiterated the alignment of Kerala’s development with India’s broader vision of economic growth.
In light of Prime Minister Narendra Modi’s focus on transforming India into a developed nation, regional economies like Kerala play a crucial role in achieving this goal.
Consequently, Adani Group’s investments align with this vision, as robust infrastructure in states like Kerala is vital for national economic progress.
Furthermore, Karan Adani reaffirmed the Adani Group’s commitment to driving Kerala’s growth and development, recognizing the state’s potential to lead globally in trade and business.
The planned investments will not only strengthen Kerala’s infrastructure but also enhance its economic standing both in India and on the global stage.
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