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Reading: PM Modi to inaugurate Vizhinjam worldwide seaport on Might 2, Kerala Port minister informs
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StockWaves > Business > PM Modi to inaugurate Vizhinjam worldwide seaport on Might 2, Kerala Port minister informs
Business

PM Modi to inaugurate Vizhinjam worldwide seaport on Might 2, Kerala Port minister informs

StockWaves By StockWaves Last updated: April 30, 2025 4 Min Read
PM Modi to inaugurate Vizhinjam worldwide seaport on Might 2, Kerala Port minister informs
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Kerala Ports Minister VN Vasavan addressed a media briefing on Wednesday forward of the commissioning of the Vizhinjam Worldwide Seaport, which is scheduled to be inaugurated by Prime Minister Narendra Modi on Might 2 at 11:00 am.

Within the presence of state ministers V. Sivankutty, G.R. Anil, and Thiruvananthapuram Mayor Arya Rajendran

“Our nation is about to witness an unforgettable second. On Might 2nd at 11 am, the Prime Minister will fee the Vizhinjam Worldwide Seaport. It is a historic event. A listing of invitees together with the Governor, Chief Minister, Union Transport Minister, Union Ministers Suresh Gopi and George Kurian, State Ministers Saji Cheriyan, V Sivankutty, G.R. Anil, Opposition Chief, MPs Shashi Tharoor and A.A. Rahim, Mayor, and former Union Minister Rajeev Chandrasekhar. The Prime Minister’s Workplace will finalise who will communicate and sit on the dais. The occasion can be accomplished inside 90 minutes as per protocol,” stated the port minister.

Highlighting the operational achievements of the port forward of commissioning, Vasavan stated, “The port started its trial run in July 2024 and obtained its commissioning certificates on December third. To date, 285 ships have arrived, dealing with 593000 TEUs, surpassing expectations even earlier than formal commissioning. Vizhinjam has already outperformed many world ports. MSC ships, which beforehand didn’t dock in Dubai or Colombo, have reached Vizhinjam.”

On the port’s capability and future, Vasavan added, “Vizhinjam can deal with as much as 30 lakh TEUs (Twenty-Foot Equal Unit) yearly, and primarily based on present operations, even 45 lakh TEUs is feasible.”

Minister Vasavan additional knowledgeable that the development can be accomplished forward of schedule.

Addressing funding issues, he stated, “Initially, the Centre insisted on offering VGF (Viability Hole Funding) as a mortgage. Regardless of repeated requests from the State, together with from the Chief Minister, the stance remained unchanged. Therefore, we agreed to take the VGF as a mortgage, although our place stays the identical.

Below the revised settlement, development can be accomplished sooner than anticipated, and income era will start sooner. There isn’t any want for additional land acquisition for the subsequent phases of growth.”

He refuted hypothesis of political battle, stating, “There isn’t a battle between the Centre and the State. The central and state authorities ads will seem individually. That is being inaugurated as a part of Kerala authorities’s annual celebrations–what’s fallacious with stating that? It is not a CPI(M)-BJP mission; it is a joint effort by each governments.”

Commenting on the participation from the opposition, he stated, “Whether or not the Chief of the Opposition will attend is but to be confirmed. The mission has acknowledged the contributions made in the course of the Oommen Chandy authorities. Whereas the Left didn’t comply with the unique settlement, the true development started in the course of the LDF tenure. The Vizhinjam port mission required sturdy will–and it was the LDF authorities that acted decisively, modifying the settlement and driving the mission ahead.” 

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