Kerala has initiated a review of Adani Ports’ proposed sale of a 49% stake in the Vizhinjam International Seaport. The state claims it wasn’t officially notified and is evaluating compliance with the concession agreement. Any ownership change over 25% requires government approval, raising concerns about the transaction’s legality and implications.
As strong monsoon rains impact Vizhinjam International Seaport, officials have implemented safety measures for container and ship operations. Despite rough sea conditions, container activities continue, as cranes operate from a control room. However, the expansion of the breakwater faces delays due to high waves complicating construction efforts.
The Vizhinjam International Seaport has received approval for its next phases, aiming for completion by 2028, boosting maritime trade and industrial growth in Kerala. Developed by Adani Group, the port’s advanced technology and connectivity make it a key player in global trade, with a handling capacity of 30 lakh teus.
