The first ship has finally docked at Vizhinjam Port, marking a significant milestone in its construction. The completion of the initial phase of Vizhinjam Port construction is set to take place in May 2024, propelling it into the league of international seaports. This development will have far-reaching consequences, not only for the state of Kerala but also for India as a whole.
Vizhinjam Port’s Economic Significance
The economic benefits are immense. The removal of a substantial percentage of cargo from Kerala’s various ports to Vizhinjam Port will result in the transit of goods via road, rail, and sea to different states in India. This will generate billions in revenue. Furthermore, the capacity to handle large mother ships, now offered by Vizhinjam, will enable smaller ships to connect to Kochi and Tuticorin ports, advancing road infrastructure and allowing cargo to move freely.
Boosting India’s Global Maritime Trade
In addition to revolutionising domestic trade, Vizhinjam Port is also set to transform India’s global maritime trade. The journey from African countries, Singapore, and Dubai to various Indian states will now involve Vizhinjam Port. The 80% of cargo that was handled by foreign ports, especially Colombo, for transit to India will now see a significant shift towards Vizhinjam.
A Prosperous Future for Kerala
The impressive contribution of Vizhinjam Port to the state’s revenue cannot be overstated. Once fully operational, it is expected to bring in revenue exceeding 28,000 crore rupees annually, with 4,700 crore rupees allocated to the state’s treasury and 2,700 crore rupees as profit. Moreover, the state stands to gain 2,391 crore rupees solely from handling charges.
Facilitating Trade Routes
The completion of Vizhinjam Port will also simplify the handling of cargo. Handling charges for goods transported through Vizhinjam will be fixed at a reasonable rate, allowing a significant number of people to earn a livelihood.
Welcoming International Ships
In addition to local trade, Vizhinjam Port has the potential to become a hub for international ships coming from African countries, Singapore, and Dubai. These ships, previously docking in other Indian ports, will now head directly to Vizhinjam. This strategic change is expected to result in the steady growth of trade.
Boosting Various Industries
As Vizhinjam Port becomes the central hub for handling various commodities such as plywood, tea, rubber, coir, seafood, and cashew nuts, it is expected to stimulate the growth of numerous industries in Kerala.
In conclusion, Vizhinjam Port is set to reshape the economic landscape of Kerala, India, and even international trade. With its strategic location and state-of-the-art facilities, it opens doors to new opportunities and promises a prosperous future. As Vizhinjam Port takes centre stage in India’s maritime industry, it invites the world to explore the abundant potential of this thriving port city.
