3 months ago
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In a large determination to alteration Kerala’s maritime landscape, the State authorities connected Monday signed a memorandum of knowing (MoUs) with 3 Central Public Sector Undertakings (PSUs) to motorboat a ₹2,000-crore logistics maestro program astatine the Vizhinjam planetary seaport. The agreements were executed successful the beingness of Chief Minister Pinarayi Vijayan astatine the Legislative Assembly building.
This inaugural marks a strategical displacement to alteration the larboard into a broad economical improvement hub, ensuring that captious infrastructure remains nether nationalist assemblage oversight adjacent arsenic the larboard operates connected a Public-Private Partnership (PPP) model.
The concern involves the State-owned Vizhinjam International Seaport Limited (VISL) and 3 Central PSU giants: Indian Oil Corporation Limited (IOCL), Container Corporation of India (CONCOR), and Central Warehousing Corporation (CWC). By integrating these entities, the authorities aims to forestall monopolisation successful cargo handling, warrant just pricing for traders, and safeguard nationalist maritime interests.
As portion of the agreement, the IOCL volition found large-scale bunkering facilities (maritime fueling) by investing astir ₹700 crore. This infrastructure volition supply substance for the monolithic parent ships frequenting Vizhinjam, positioning the larboard arsenic a superior vigor hub successful the Indian Ocean.
The CONCOR volition make a robust transport network, including Inland Container Depots (ICD) and Container Freight Stations (CFS), to guarantee businesslike cargo question crossed India via the obstruction network. The bureau volition put astir ₹600 crore arsenic portion of the initiative.
The CWC volition conception a state-of-the-art Multi-Modal Logistics Park (Logistics & Warehousing) astatine an concern of ₹700 crore. Spanning astir 50 acres, this installation volition diagnostic acold retention and export-linked units, developed without immoderate fiscal liability to the State government. The ceremonial was attended by Minister for Ports V.N. Vasavan, Ports Secretary A. Kowsigan, and elder officials, alongside elder enactment from the cardinal PSUs.
