Kerala has launched a review of Adani Ports’ proposed sale of a 49% stake in the Vizhinjam International Seaport to a global shipping company. The state claims it was not officially informed of this transaction and is assessing its compliance with the concession agreement.
The deal has raised concerns as the concession terms stipulate that any ownership change exceeding 25% requires prior approval from the Kerala government. Officials stated that no decision will be made until the proposal undergoes a legal review and is presented to the empowered committee and cabinet for assessment.
This stake sale is considered one of the largest foreign private investments in India’s port infrastructure. It could potentially finance the next phase of Vizhinjam’s expansion while introducing a global terminal operator with extensive container shipping expertise.
The ownership structure of Vizhinjam is gaining political significance due to the port’s role as a key transshipment hub. The Kerala government aims to protect its interests while evaluating the proposal in light of its contractual obligations and overall economic priorities.
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