Adani Group to invest Rs 20,000 crore in Vizhinjam port's remaining phases

The Adani Group has announced plans to invest an additional Rs 20,000 crore to complete the remaining phases of the Vizhinjam International Seaport in Kerala. This port, the first transshipment port in India, is being developed by Adani Ports and Special Economic Zone Ltd (APSEZ) under a public-private partnership model at a total cost of approximately Rs 8,867 crore. Managing Director Karan Adani emphasized that the port will significantly reduce logistics costs for Indian manufacturers by 30 to 40 percent.