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Adani Group will invest Rs 30,000 crore in Kerala in the next five years, a top executive said on Friday. The diversified group that is developing the Vizhinjam port and operating the airport at Thiruvananthapuram, will be developing a logistics and e-commerce hub as well as expanding its cement manufacturing capacity in the state. The group is developing the Vizhinjam port and has already invested Rs 5,000 crore. "We are committing an additional investment of Rs 20,000 crore," Adani Ports & SEZ Ltd Managing Director Karan Adani said at the Invest Kerala Global Summit here. He said the group will be expanding the capacity of the Thiruvananthapuram airport from 4.5 million passengers per annum, to 12 million passengers per annum with an investment of Rs 5,500 crore. Also, a logistics and e-commerce hub will be set up in Kochi and the cement manufacturing capacity will be increased in Kochi, he added. In total, Adani said the group will invest Rs 30,000 crore in the next five years
Coming out strongly against the Union Government's stance that the Viability Gap Fund (VGF) for the Vizhinjam Seaport project should be repaid in installments, Chief Minister Pinarayi Vijayan on Monday accused the Centre of maintaining a vindictive attitude towards the state. Addressing the media here, the Chief Minister said that, in a letter responding to the state's request to reconsider the decision on the VGF, Union Finance Minister Nirmala Sitharaman had reiterated the Central Government's stance that the allocation for Vizhinjam should be treated as a loan, not a grant. The Chief Minister criticised the decision, calling it a deviation from the Central Government's long standing policy on VGF grants. Even when VGF was allocated for the Kochi Metro, there was no stipulation for repayment, and the new criteria set exclusively for Kerala contradict the standard guidelines of the VGF, he alleged. The central government has never imposed a repayment condition on any project that
Kerala Chief Minister Pinarayi Vijayan on Thursday announced the signing of a supplementary concession agreement with Adani Vizhinjam Port Pvt Ltd, extending the project timeline by five years. The Vizhinjam International Seaport is now slated for commissioning in December 2024. The project, envisioned as a transformative step in Kerala's maritime infrastructure, will see its second and third phases nearing completion by 2028. These phases will involve an additional investment of Rs 10,000 crore, expanding the port's capacity to 30 lakh Twenty-foot Equivalent Units (TEU). "We have entered a supplementary concession agreement with Adani Vizhinjam Port PVT LTD on @PortOfVizhinjam to extend the project period for 5 yrs & commission the port by December. As the 2nd & 3rd phases near completion by 2028, an investment of ?10,000 crore will be made, expanding the port's capacity to 30 lakh TEU," Vijayan said in a post on 'X'. "This milestone underlines our commitment to comprehensive
Kerala Chief Minister Pinarayi Vijayan on Sunday flagged-in the first ever ship at the Rs 7,700 crore deep-water international Vizhinjam port here. Vijayan, joined by Leader of Opposition in the assembly V D Satheesan, Minister of State for External Affairs V Muraleedharan, Congress MP Shashi Tharoor and various state ministers, waved a green flag signalling the tugboats to push the huge Chinese ship -- Zhen Hua 15 -- from the wharf to the docking yard. The tugboats pushing the vessel, which carries huge ship-to-shore and yard cranes, also gave it a water salute. As the vessel touched the dock, firecrackers were burst and balloons released to welcome it. Hundreds of people, across all age groups, arrived at the port area to see the ship arrive at the dock. Zhen Hua 15 -- which began its journey from China at the end of August, was scheduled to dock at Vizhinjam on October 4, but its journey got delayed due to bad weather conditions along its route. On reaching Indian coastal wate
The first ship that arrived at Vizhinjam port here carrying cranes from China was given a water salute by the tug boats which pulled the vessel into the Rs 7,700 crore deep-water international port on Thursday, official sources said. The mammoth container handling cranes onboard the vessel would be transferred to the port on Sunday, October 15, in an official event that would be attended by Union Minister for Ports Sarbananda Sonowal and Kerala Chief Minister Pinarayi Vijayan, the sources said. The vessel -- Zhen Hua 15 -- which began its journey from China at the end of August was scheduled to dock at Vizhinjam on October 4, but its journey got delayed due to bad weather conditions along its route. On reaching Indian coastal waters, it first went to Mundra port in Gujarat to offload some cranes there and then proceeded towards Vizhinjam, the sources said. It docked at Vizhinjam port at around 11.20 am, they said. The Kerala government last month had said that three more ships wou
The Kerala government has spent Rs 100 crore so far for the rehabilitation initiatives in connection with the under construction Vizhinjam sea port project, state Port Minister Ahammed Devarkovil said on Friday. Several development and welfare initiatives are being implemented in the region using the government fund and also making use of the CSR fund of the construction company, he told the state Assembly. The Union Environment Ministry, at the time of the signing of the contract, had directed to carry out rehabilitation initiatives to the tune of Rs 8.65 crore in the region, he said. "But, the LDF government has adopted a positive policy towards the fishermen community and spent Rs 100 crore for rehabilitation alone," Devarkovil said during the question and answer session. The significant thing was that land of local fishermen had not been acquired in connection with the sea port project. The land of those who lived away from the seashore had been taken for the same, he ...
A day after the months-long protest against the under-construction Vizhinjam sea port was called off here, Kerala Chief Minister Pinarayi Vijayan on Wednesday said rehabilitation of local people and protection of their livelihood are top priorities of his government while implementing development projects. The Left government has assured this in all development projects and the approach is the same in the case of Vizhinjam port as well, he said in a statement made in the Assembly under Rule 300. Noting that the government is committed to the infrastructure development of the state that lays the foundation for Kerala's sustainable economic growth, he said it is also particular about the fact that the projects should be implemented with a humane approach. He said the protest committee had decided to call off the strike during a high-level talk held here on Tuesday. The CM also informed the House about the details of the demands raised by the agitators and the decisions taken on ...
The over 130-day-long protest by fisherfolk against the under-construction Vizhinjam sea port was on Tuesday called off for now. The calling off of the agitation was announced by Vicar General Eugene Pereira, who has been seen at the forefront of the protests. He, however, said the protest was not being called off because they were satisfied with the steps taken or promises made by the state government. It was being called off as the protest has reached a certain stage and if required, they will take it up again, Pereira told reporters here. A day ago, leaders of various religious groups in Kerala had met with the fisherfolk protesting against the under-construction Vizhinjam sea port here as part of the ongoing efforts to bring peace in the area which witnessed violent agitations recently. A large number of people have been staging demonstrations outside the main entrance of the multi-purpose seaport at nearby Mulloor for the last few months. They have been pressing their seven-
The Adani Group on Friday moved the Kerala High Court seeking the assistance of central forces to continue with construction at the Vizhinjam seaport in Thiruvananthapuram which was marred by violent protests recently halting the work. Justice Anu Sivaraman, while hearing a plea filed by the Adani Group against obstruction and blockade due to protests, asked the state and central governments to discuss the possibility of deploying the central forces. The court asked the state and central governments to file their reply with regard to the petition by the Adani Group and the matter will be further heard on December 7. Meanwhile, the state government informed the court that cases were registered against numerous persons, including the Bishop, with regard to the violence and five persons were arrested. However, the Adani Group told the court that many accused in the case, including many priests, are still at the protest site. The Group also alleged that the police investigation in the
The Kerala police on Wednesday said that investigation has not reached a stage to suggest involvement of any extremist groups in the recent incidents of violence at Vizhinjam here. Thiruvananthapuram Range DIG R Nishanthini, who has been appointed as a special officer in charge of security arrangement and law and order in the area, also said the police was going to take stringent and legal action against those accused in the 163 cases lodged till now in connection with the anti-seaport protests and violence. Speaking to reporters here, the senior officer also said the National Investigation Agency (NIA) was not part of her meeting with officers in connection with the protests and violence at Vizhinjam, and that she cannot say whether it has sought any details or information from the Kerala police. On being asked why no one has been arrested yet in connection with the attack on the Vizhinjam police station on the night of November 27, the officer said that the investigative process w