Prime Minister Narendra Modi recently inaugurated the Vizhinjam International Deepwater Multipurpose Seaport. Located in Vizhinjam, Kerala, this port is considered a significant step towards boosting the state's economy.
Deepwater Seaport: Prime Minister Narendra Modi inaugurated the Vizhinjam International Deepwater Multipurpose Seaport in Kerala on Friday, marking a historic milestone. Kerala Chief Minister Pinarayi Vijayan was also present at the inauguration. This project is a result of a public-private partnership between the Kerala government and Adani Ports and Special Economic Zone Limited (APSEZ). PM Modi dedicated this ambitious project to the nation, highlighting its potential to revolutionize the state's and the country's economy.
Vizhinjam Port Inauguration: A Step Towards Economic Prosperity
This new international deepwater port, constructed at a cost of ₹8,900 crore (approximately US$1.1 billion), is poised to propel India's maritime trade to new heights. It will emerge as a crucial international port in India, significantly boosting maritime commerce.
Prime Minister Modi stated that the inauguration of the Vizhinjam port will revolutionize maritime transport in India, strengthening the nation's maritime capabilities and bolstering its economy. This project is not only beneficial for Kerala but also crucial for the entire country, as until now, 75% of India's transhipment occurred at foreign ports, resulting in significant losses for the nation.
Modi emphasized that this situation is about to change, and India's money will now remain within the country. Furthermore, the Vizhinjam port will generate employment opportunities in Kerala and surrounding areas, benefiting the local population.
Kerala's Maritime History and the Importance of Ports
In his address, Prime Minister Modi also alluded to Kerala's rich maritime history. He mentioned that India experienced prosperity for thousands of years before colonization, and during that time, a substantial portion of the nation's GDP originated from maritime activities. Kerala played a significant role in this context, having always been a hub for trade and economic activities related to the sea.
He also mentioned his privilege of visiting Kerala on the occasion of Adi Shankaracharya's Jayanti. Adi Shankaracharya established monasteries across various parts of India, giving a new direction to Indian culture and ideology, a journey that began in Kerala.
Benefits of the Vizhinjam Port
The inauguration of the Vizhinjam port signifies more than just the construction of a port; it brings significant economic benefits to Kerala and the entire nation. The primary advantage is reduced reliance on foreign ports, enabling India to conduct its maritime trade through domestic facilities. This will not only improve trade but also boost local industries.
The project will also create new employment opportunities in Kerala. The development of infrastructure around the port will increase job opportunities not only within the port authority but also across various other businesses. Moreover, the port will promote environmental awareness, as it has been developed using sustainable and environmentally sound technologies.
Future Direction of Maritime Trade and Development
Prime Minister Modi also stated that the Vizhinjam port will enhance India's global competitiveness in maritime trade. Designed to accommodate the world's largest container ships, this port will unlock new trade opportunities for India and expand its global influence in this sector. He also highlighted the project as a crucial step towards achieving India's self-reliance, further strengthening the 'Atmanirbhar Bharat' campaign.
