Vizhinjam Port Enters New Phase With EXIM Operations From August 18

Vizhinjam International Seaport is set to begin export-import (EXIM) operations from August 18, Kerala Chief Minister V D Satheesan said on Thursday, marking a significant step towards enabling the state to directly benefit from the port’s commercial activities.

Speaking at a press conference, Satheesan said the port had received all necessary clearances, including those from Customs, for commencing EXIM operations. The Customs commissionerate has issued the required notifications, clearing the way for the new phase of operations.

Vizhinjam has so far primarily handled transshipment activities, with more than 60 per cent of the containers processed at the port being connected to other countries. The transition to EXIM operations is expected to expand the port’s role in Kerala’s trade and logistics network.

To facilitate the movement of export and import cargo, a temporary road connection between the port and NH-66 has been arranged following directions from the National Highways Authority of India. A Customs-bonded area has also been established within the port premises, as Thiruvananthapuram currently lacks a Container Freight Station.

Satheesan also addressed the proposed transfer of a stake in Adani Ports and Special Economic Zone Ltd’s Vizhinjam venture to Mediterranean Shipping Company (MSC), the world’s largest shipping and logistics group.

He said an empowered committee headed by the chief secretary was examining the proposal and had not yet submitted its report. The state, he added, would consider the interests of Kerala before taking a decision.

“There is currently no urgency to permit it,” Satheesan said, adding that the Centre must assess strategic and security considerations before granting approval.

In June, APSEZ announced that MSC would acquire a 49 per cent stake in Adani Vizhinjam Port Private Ltd, the port’s concessionaire, for approximately USD 1.4 billion.