Marking a new era in port-led growth, Kerala sealed three game-changing MoUs totaling ₹2,000 crore with central PSUs at Vizhinjam Seaport. CM Pinarayi Vijayan’s presence at the assembly-hosted ceremony emphasized the blend of private operations and public infrastructure dominance.
Partnering VISL with IOCL, CONCOR, and CWC, the deals weave bunkering, rail logistics, and storage into a cohesive public-led network. This counters potential private monopolies, ensuring dynamic competition and stakeholder benefits.
IOCL pioneers with ₹700 crore in bunkering terminals, transforming Vizhinjam into a vital stopover for Indian Ocean traffic and boosting ancillary earnings.
CONCOR invests ₹600 crore in rail-synced depots, accelerating cargo from port to hinterland and optimizing supply chains nationwide. CWC’s ₹700 crore flagship—a 50-acre multimodal park with cold storage and export zones—completes the triad, fully self-funded to shield state budgets.
The high-profile gathering of ministers and executives heralds Kerala’s blueprint for a robust port cluster. By deepening linkages and infrastructure, Vizhinjam evolves from a deepwater asset into a trade magnet, fueling jobs, exports, and long-term prosperity.