Kerala is all set to pitch Vizhinjam port as a key investment hub in the upcoming global summit that is scheduled in the state capital.
The event, titled ‘Vizhinjam Conclave: Global Investment Summit’, seeks to capitalize on the untapped potential of the Vizhinjam International Seaport. The event is expected to position Kerala as a critical node in the global supply chain, fostering growth across diverse sectors, including tourism, hospitality, manufacturing, non-conventional energy and
fisheries.
The summit is expected to bring substantial employment opportunities, generating up to ten times the number of direct jobs created by the port itself.
“We are expecting at least more than 50 major companies to take part in the summit. The Vizhinjam port is one centre which will be the main hub of discussions when it comes to attracting investments to the state of Kerala. Being the first trans-shipment port in the country, the investment opportunities are immense in the state, especially in the capital city where the commercial activities of the port have already commenced. Investments in logistics, fisheries, automotive are few areas where we are expecting more investors”, said Raj Nair, business analyst and trader based in Kollam.
He added that much depends on how the state government’s policies and accommodative stance when it comes to tax benefits and other investor friendly policy that they will be able to convince the investors.
Key discussions will center around investment opportunities such as container freight stations, logistics parks, equipment repair units, and warehousing facilities. The Outer Area Growth Corridor Project, envisioned as an industrial hub, will also be highlighted, showcasing the potential of the port to stimulate economic activity in its vicinity. The conclave will offer one-on-one interactions between delegates and business leaders, alongside sessions on investor-centric policies and benefits designed to encourage collaboration. Representatives from industries connected to major ports across India will
share insights and best practices.
