Thursday, 12 Nov 2026 Breaking: Nalanda University key to reviving ancient ties and deepening modern Southeast Asian engagement: MEA
BREAKING: Apple launches AI platform | Tesla earnings beat estimates | Nvidia stock surges | Bitcoin crosses major resistance
Business

Keralam govt to back investors with regulatory, infrastructure support to scale Vizhinjam EXIM operations: CM Satheesan

Keralam govt to back investors with regulatory, infrastructure support to scale Vizhinjam EXIM operations: CM Satheesan

Thiruvananthapuram (Keralam) [India], August 18 (ANI): The Keralam government has reiterated its support to expanding operations for Vizhinjam Port, saying that it will provide regulatory facilitation and infrastructure support to those seeking to expand export-import (EXIM) activity through Vizhinjam International Seaport, Chief Minister VD Satheesan said after reviewing operations at the port.
Satheesan said state leadership held discussions with investor groups to explore opportunities to scale up EXIM operations at Vizhinjam, as the port begins full land-based commercial cargo operations.
"State leadership held strategic discussions with diverse investor groups to explore key opportunities for scaling EXIM operations at Vizhinjam to the next level," Satheesan said in a post on X.
"To ensure seamless commercial expansion, the Government is committing comprehensive support, regulatory facilitation, and infrastructure backing to help investors expand global export activities through the port," he added.
The remarks come as Vizhinjam begins full-scale EXIM operations from Tuesday, marking its transition from a transhipment hub towards a wider commercial gateway for international cargo movement.
Satheesan said he also reviewed operations at the port alongside the state's Industries, Information Technology and Commerce Minister PK Kunhalikutty, including a visit to the Vehicle Traffic Management System office.
"Full land-based Ex-Im cargo operations begin" at Vizhinjam, and the operational readiness of the project was reviewed, he said, describing it as a project "set to be a game changer in global shipping."
The commencement of full EXIM operations follows a trial involving the port's first export container, which was shipped to Valencia in Spain.
The development is also being positioned as part of a wider effort to build an industrial and logistics ecosystem around Vizhinjam. The state government is launching Mission Samudra, a port-led industrial and logistics development initiative, alongside the start of full EXIM operations.
The initiative envisages developing a wider Vizhinjam Maritime Economic Region, covering eight industrial clusters, three new cities and Kerala's 600-km coastline. It is backed by a Rs 400-crore catalytic fund, with a focus on ports and connectivity, logistics development, and clusters and cities.
Satheesan's comments underline the government's focus on using the port's commercial operations to attract investors and expand export activity, with regulatory and infrastructure support aimed at facilitating wider business participation.
The launch of full EXIM operations and the accompanying investment push are expected to strengthen Vizhinjam's role in international cargo movement and support the development of a broader port-led economic ecosystem. (ANI)

Tags

Related News

India leads 10 major economies in macroeconomic resilience for 2026-30: ASSOCHAM
Business
India leads 10 major economies in macroeconomic resilience for 2026-30: ASSOCHAM

<p>New Delhi [India], November 12 (ANI): India claims the top spot as the most resilient economy among ten major global...

InMobi, Uttar Pradesh government launch AI Kaushal Hackathon 2026; registrations open until November 20
Business
InMobi, Uttar Pradesh government launch AI Kaushal Hackathon 2026; registrations open until November 20

<p>New Delhi [India], November 12 (ANI): InMobi and the Uttar Pradesh government announced the launch of 'AI Kaushal Hac...

PLI schemes attract Rs 2.4 lakh crore investment, generate Rs 22.66 lakh crore production: NITI Aayog report
Business
PLI schemes attract Rs 2.4 lakh crore investment, generate Rs 22.66 lakh crore production: NITI Aayog report

<p>New Delhi [India], November 12 (ANI): India's Production Linked Incentive (PLI) schemes are expected to strengthen do...

Paradeep Parivahan Reports 17.6% Revenue Growth and 27.6% EBITDA Growth in H1 FY27
Business
Paradeep Parivahan Reports 17.6% Revenue Growth and 27.6% EBITDA Growth in H1 FY27

<p>VMPL<br/>Paradeep/ Bhubaneswar (Odisha) [India], November 12: Paradeep Parivahan Limited (BSE SME: 544383), an integr...

iMAC Design & Engineering Services Wins Gold at 16th CII Design Excellence Awards 2026
Business
iMAC Design & Engineering Services Wins Gold at 16th CII Design Excellence Awards 2026

<p>VMPL<br/>Ahmedabad (Gujarat) [India], November 12: iMAC Design & Engineering Services, an Ahmedabad-based product des...

Overture Life’s DaVitri automated egg freezing tech enables higher embryo yield in India
Business
Overture Life’s DaVitri automated egg freezing tech enables higher embryo yield in India

<p>VMPL<br/>New Delhi [India], November 12: Hana Health, the In Vitro Fertilisation (IVF) arm of DSS Imagetech, today an...