The Adani Group has announced major investments in Kerala, India, totaling over Rs 225 billion in various sectors, marking the largest private investment the state has ever received. According to Kerala’s industries and law minister, P Rajeeve, the group will invest Rs 5 billion in developing a modern logistics park in Ernakulam and contribute Rs 100 billion to the second phase of the Vizhinjam deepwater multipurpose port over the next three years.
Adani Group Invests in Logistics Park and Vizhinjam Port
The logistics park, located in Kalamassery, will feature several warehouses operated by private firms, including Flipkart, which is expected to commence operations by December this year. The project aims to create hundreds of new jobs for the local community and will be entirely funded by the Adani Group.
Vizhinjam Port Expansion to Drive Economic Growth
The second phase of the Vizhinjam deepwater multipurpose port, constructed under a public-private partnership PPP model since 2015, will be entirely funded by the Adani Group. The project is expected to generate thousands of direct and indirect employment opportunities in the future, according to industry insiders.
Thiruvananthapuram Airport Redevelopment
The Adani Group is also allocating Rs 20 billion over the next five years for the redevelopment of Thiruvananthapuram airport, a move aimed at bolstering the state’s infrastructure and driving economic growth. The group’s investments in Kerala, spanning multiple sectors, represent a major boost to the state’s economy.
Invest Kerala Global Summit and Vizhinjam Conclave
Ahead of the Invest Kerala Global Summit scheduled for February 21-22, the state government is organising a two-day Vizhinjam Conclave starting January 28. The event aims to finalise around 20 investment agreements and explore industrial opportunities tied to the port and its ancillary industries. Representatives from multinational companies with significant investments in port-related projects are expected to participate.
Goal of Inclusive Development at Vizhinjam
The state government aims to position Vizhinjam as a model for inclusive development, fostering economic growth while engaging local communities and ensuring community involvement. The conclave will seek investments across various sectors, including logistics, infrastructure, and industry, and will focus on promoting employment opportunities in industries associated with port operations.
