Gautam Adani is working vigorously on another major port in India after Mundra Port. This port is being built in Kerala and its construction work is going on in full swing. This port will provide a new boost to the Adani Group after its completion.
Will invest this much by 2030
If a news of Mint is to be believed, the Adani Group will work vigorously on this port. doing. There is a plan to complete it as soon as possible. For this, Adani will invest Rs 20 thousand crores on the port being built in Vizhingam, Kerala. This investment will be made at Vizhingam Transshipment Terminal in Kerala by 2030. This information has been given in the report quoting Karan Adani, Chief Executive Officer and Managing Director of Adani Ports.
Operations will start next year
The terminal officially launched its first ship last week. Have received. This ship named Zhen Hua 15 was received by Kerala Chief Minister Pinarayi Vijayan. This crane carrying ship has been ordered for the construction of the port. It is expected that this Kerala-based port of Adani Group will start operations between May to December next year.
So much investment in the first phase
Adani Vizhinjam Port Private Limited in the report CEO Rajesh Jha has been quoted as saying that the project has received an investment of Rs 7,700 crore in the first phase. It includes Adani’s investment of Rs 2,500 to 3000 crore. The remaining investment is coming through the central and state governments. This port located in Kerala is being constructed by Adani Vizhinjam Port Private Limited.
These things make it special
This port being built in Vizhinjam, Kerala is important in many respects. With the completion of this port, India’s dependence on foreign transshipment hubs like Colombo Port of Sri Lanka will be reduced. Chinese companies have an important role in Sri Lanka’s Colombo Port. In this way dependence on China will be reduced. Vizhinjam is the first transshipment port in India, which has a natural depth of more than 18 meters. This is necessary to bring big ships to the shore. It is just 10 nautical miles away from the international shipping route.
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