Thiruvananthapuram, Jan. 24 -- The foundation stone for Phase 2 of the Vizhinjam International Seaport was laid on Saturday, marking a major milestone in Kerala's infrastructure and maritime growth.
With an additional investment of Rs 16,000 crore, the total investment in the port will rise to Rs 30,000 crore, making it the single largest private sector investment in Kerala to date.
Speaking at the event, APSEZ Managing Director Karan Adani said the Phase-2 expansion will increase Vizhinjam's cargo-handling capacity from 1 million TEUs to 5.7 million TEUs by 2029, positioning it as the largest transshipment port in the Indian subcontinent and a globally competitive maritime hub.
The port has already made history by becoming the fastest I...