Karan Adani, the MD of Adani Ports and SEZ Ltd, declared on Friday that the Adani Group will invest Rs 30,000 crores in Kerala over the next five years, among other projects, in the Vizhinjam port, the expansion of Thiruvananthapuram Airport, and the establishment of a logistics hub.
At the opening of the two-day Invest Kerala Global Summit, which got underway here on Friday, Karan Adani stated, “Kerala is emerging as a model of development and progress, and we at the Adani Group are honored to be part of this journey.”
Kerala has a centuries-old history of international trade. Kerala was a major hub for the trade of gold and spices because the ancient port of Muziris served as a crucial link between Rome, Egypt, and China. Vizhinjam carries on this illustrious legacy today, putting India at the center of international trade. We at the Adani Group are honored to be a part of this new era. Under the direction of the late Oommen Chandy, we started our adventure with Vizhinjam Port in 2015, and under Pinarayi Vijayan’s direction, it is now becoming a reality,” he continued.
“Vizhinjam is strategically located along the world’s busiest shipping lanes, even before commissioning, made history by docking the largest container vessel to ever touch the Indian shores, with a capacity of 24,000 containers.”
The Adani Group has already invested Rs 5,000 crore in Vizhinjam and is planning to invest an additional Rs 20,000 crore, according to the MD of Adani Ports and SEZ Ltd. “This is not only India’s first transhipment hub, but our vision is to make Vizhinjam the largest transhipment port in this part of the region,” he stated.
Additionally, Karan Adani announced that they will be investing Rs 5,500 crore to enhance Thiruvananthapuram International Airport from 4.5 million to 12 million people. “We will also be setting up a Logistics and E-Commerce hub in Kochin, and also increase our cement capacity in Kochin,” he stated.
Additionally, he emphasized Kerala’s tremendous turnaround. “The state’s rise as a global startup hub and leader in ease of doing business is a credit to the vision of your (Pinarayi Vijayan) administration. Kerala is a human development model that goes beyond business. Kerala’s disaster management skills are respected throughout India, and the LIFE project has given thousands of homes to the poor,” he said.
Karan Adani further noted that India is moving toward unheard-of levels of infrastructure and economic growth under Prime Minister Narendra Modi’s Viksit Bharat program.
“A developed India requires strong regional economies, and Kerala is a prime example of how strategic investments can fuel progress,” he stated.
“Building national assets and nation-building are the main goals of the infrastructure sector, according to our Chairman Gautam Adani. We at the Adani Group are proud to be a part of Kerala’s transformation into a model of growth and advancement,” Karan Adani stated.
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