The Kerala government on Monday signed memoranda of understanding with three central public sector companies to roll out a Rs 2,000 crore logistics master plan at the Vizhinjam International Seaport, in a move aimed at reshaping the state’s maritime sector.
The agreements were executed on Monday in the presence of Chief Minister Pinarayi Vijayan at the Legislative Assembly Building, a CMO release said here.
This initiative marks a strategic shift to transform the port into a comprehensive economic development hub, ensuring that critical infrastructure remains under public sector oversight even as the port operates on a Public-Private Partnership (PPP) model.
The partnership involves the state-owned Vizhinjam International Seaport Limited (VISL) and three central giants– IOCL, CONCOR, and CWC, the release said.
By integrating these entities, the government aims to prevent monopolisation in cargo handling, guarantee fair pricing for traders, and safeguard national maritime …The Kerala government on Monday signed memoranda of understanding with three central public sector companies to roll out a Rs 2,000 crore logistics master plan at the Vizhinjam International Seaport, in a move aimed at reshaping the state’s maritime sector.
The agreements were executed on Monday in the presence of Chief Minister Pinarayi Vijayan at the Legislative Assembly Building, a CMO release said here.
This initiative marks a strategic shift to transform the port into a comprehensive economic development hub, ensuring that critical infrastructure remains under public sector oversight even as the port operates on a Public-Private Partnership (PPP) model.
The partnership involves the state-owned Vizhinjam International Seaport Limited (VISL) and three central giants– IOCL, CONCOR, and CWC, the release said.
By integrating these entities, the government aims to prevent monopolisation in cargo handling, guarantee fair pricing for traders, and safeguard national maritime … Latest News [ SOBAN NEWS: International and National ]
