Adani Gets Nod for Vizhinjam Port, to Begin Work in November
Thiruvananthapuram: The Vizhinjam Port proposal has been finally cleared with Adani Ports to launch the work on November 1, Kerala Chief Minister Oommen Chandy said here on Wednesday.
"We have decided to clear the project and it has been decided to hand it over to the lone tender of Adani Ports," Mr Chandy told reporters here after the weekly cabinet meeting.
"We announce to the people of Kerala that on November 1, which is Kerala's formation day, the work for the Vizhinjam Port will begin and nothing is going to stop this dream project from going ahead," Mr Chandy said.
Last month, two different committees that looked into the only proposal submitted by Adani Ports for setting up the Vizhinjam Port near Kovalam, a beach town, had given go-ahead.
Vizhinjam, when completed, will enable ships with a capacity of even 18,000 TEU (20-feet equivalent units) to dock here.
The proposed port, located close to the busy international shipping route, is envisaged to handle 4.1 million containers annually.
The Rs.4,000-crore first phase of the port is expected to be completed in three phases, with the first phase being ready by 2019.
Adani Ports was the lone bidder and had sought Rs.1,635 crore as grant for the proposed port project.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
