In a landmark move poised to redefine India's maritime landscape, the Vizhinjam International Seaport in Kerala has been officially commissioned by Prime Minister Narendra Modi. Developed at an estimated cost of ₹8,867 crore, this strategic deep-water port is set to become the nation's premier transshipment hub, aiming to handle all of India's transshipment cargo within the next year, according to Karan Adani, Managing Director of Adani Ports and Special Economic Zone (APSEZ).
Currently, a staggering 75% of India's transshipment cargo is processed at foreign ports, leading to an annual revenue loss of approximately $200–220 million. The operationalization of Vizhinjam Port is expected to repatriate this business, bolstering the nation's economy and reducing dependency on external ports.
Strategically located near the international east–west shipping route, Vizhinjam boasts a natural depth of 24 meters, enabling it to accommodate the world's largest container vessels without extensive dredging. This natural advantage, coupled with state-of-the-art infrastructure, positions the port as a formidable player in global maritime trade.
The port's development is structured in multiple phases, with the initial phase already operational. Future phases, slated for completion by 2028, aim to expand the port's capacity to handle up to 6.2 million TEUs (Twenty-foot Equivalent Units), accounting for more than 70% of India's transshipment needs.
Beyond its maritime capabilities, Vizhinjam is envisioned as a catalyst for regional economic growth. Plans are underway to develop industrial clusters and an outer growth corridor, fostering sectors like food processing, electronics, and apparel. This integrated approach aims to transform Kerala into a logistics consolidation hub, enhancing its contribution to the national GDP.
The commissioning of Vizhinjam Port marks a significant milestone in India's journey towards self-reliance in maritime logistics, promising economic revitalization and enhanced global trade connectivity.