Vizhinjam Port economy to drive India’s growth: PM

Prime Minister Narendra Modi recently commissioned the Vizhinjam International Seaport in Kerala that was completed at an estimated cost of ₹8,867 crore ($1.05 billion). “The Vizhinjam International Deepwater Multipurpose Seaport in Kerala is a significant advancement in India’s maritime infrastructure,” he wrote on microblogging platform X. Three-quarters of India’s transshipment cargo is presently handled at ports abroad like Singapore, Colombo, Salalah and Dubai, and Indian ports lose up to $200-220 million of potential revenue each year on transshipment handling of cargo originating in or destined for India. The port’s location is the deepest in India and closest to international shipping routes. The port’s capacity in the first phase is 1 million TEUs, with an additional 4.5 million TEUs to be added in subsequent phases.