Kerala to buy land for port-based industrial hub
Kerala's cabinet has just cleared the way for buying 230 acres across three villages to expand the Vizhinjam International Seaport, aiming to build a major port-based industrial hub and attract global exports.
The project comes with a hefty ₹810 crore price tag and is being funded through both state accounts and a NABARD loan.
Vizhinjam Port's success and competition
Vizhinjam Port has already exceeded targets, bringing in ₹97 crore in tax revenue and creating 1,000 jobs since opening.
With plans for even bigger expansion (Adani is set to invest ₹10,000 crore), the port could generate over 6,000 direct jobs once complete.
This push faces competition from Tamil Nadu's competing industrial parks, which have approved over 2,200 acres near Tirunelveli to capture port-linked investment, and is expected to boost Kerala's appeal to investors and support new job creation.