Adani Group To Invest Rs 30,000 Crore In Kerala Over Five Years

Adani Group will invest Rs 30,000 crore in Kerala over the next five years, said Karan Adani, managing director of Adani Ports and SEZ Ltd., at the Invest Kerala Global Summit in Kochi on Friday.

The diversified group developing the Vizhinjam port and operating the airport at Thiruvananthapuram, will set up a logistics and e-commerce hub as well as expand its cement manufacturing capacity in the southern state.

"Kerala is emerging as a model of development and progress, and we at the Adani Group are honoured to be part of this journey," said the Adani Ports MD.

The Adani Group has already invested Rs 5,000 crore in Vizhinjam and is committing an additional investment of Rs 20,000 crore. "This is not only India’s first transshipment hub, but our vision is to make Vizhinjam the largest transshipment port in this part of the region," he shared.

Vizhinjam is strategically located along the world’s busiest shipping lanes, even before commissioning, made history by docking the largest container vessel to ever touch the Indian shores, with capacity of 24,000 containers.

Karan Adani announced that 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.

Additionally, a logistics and e-commerce hub will be set up in Kochi and the cement manufacturing capacity will be increased in Kochi, he added.