Karan Adani, who is the Managing Director of Adani Group ports business, on Friday said they aim to make the just-launched Vizhinjam International Deepwater Multipurpose Seaport the most-efficient port and help traders reduce their logistics costs.
He highlighted the group's commitment to transforming Kerala into a major logistics and transportation hub. "The Adani group has already invested Rs 5,000 crore in Vizhinjam and are committing an additional investment of Rs 20,000 crore. This is not only India's first transshipment hub, but
Adani Group has committed to invest Rs 2.3 lakh crore in Odisha over the next five years across sectors such as power, cement, industrial parks, aluminium and city gas.
Prominent industrialists such as Mukesh Ambani, Chairman of Reliance Industries; Anil Agarwal, Chairman of Vedanta Group; Anand Mahindra, Chairman of Mahindra Group; Kumar Mangalam, Chairman of Aditya Birla Group; and Karan Adani, MD of Adani Ports and SEZ Ltd., attended the three-day summit
He stated, "The Adani Group plans to invest over Rs 7.5 lakh cr across various sectors of the state (Rajasthan) economy. With over 50 per cent of this investment being made over the next 5 years."
"Met with a delegation from the Adani Group led by the MD of Adani Exports Ltd., Rajesh Adani, and the MD of Adani Ports and SEZ Ltd, Karan Adani to discuss a range of investment opportunities in Andhra Pradesh," CM Naidu said.
Udhayanidhi Stalin was elevated as the Deputy Chief Minister of Tamil Nadu on Saturday. Earlier, Stalin was serving as the Minister for Youth Welfare and Sports Development. He will also take on the portfolio of planning and development in addition to his existing responsibilities.
The project will be implemented in three phases, with the first phase of 2.4 MTPA at an investment of Rs 1100 crore targeted to be commissioned by December 2025. Adequate provisioning of land for future expansion is in place, which will be commissioned in due course at a much lower capita
This milestone event marks India's entry into the global transshipment and ushers in a new era in India's maritime history, positioning Vizhinjam as a critical player in the international trade routes.
By the year 2028-29 the total investment of the Kerala Government and Adani Vizhinjam Port will be Rs 20,000 crore, highlights Karan Adani, Managing Director of Adani Ports and SEZ on Friday.