Synopsis
The Invest Kerala Global Summit 2025 in Kochi highlighted the nearly completed Vizhinjam Port, developed by Adani Ports, which is expected to transform Kerala into a new Singapore, as discussed by key figures including Amitabh Kant and Ashwani Gupta.Key Takeaways
- Vizhinjam Port nearing completion will drive Kerala's transformation.
- Strategically located near an international sea route.
- Expected to significantly enhance trade efficiency.
- Key figures emphasize the port's potential economic impact.
- Kerala's GSDP has seen consistent growth since 2000.
Kochi, Feb 21 (NationPress) On the inaugural day of the Invest Kerala Global Summit (IKGS) 2025, which commenced here on Friday, the imminent completion of Vizhinjam Port -- being developed by Adani Ports -- was the focal point of discussion among participants who highlighted that the forthcoming seaport will convert Kerala into a new Singapore.
The IKGS is organized by the state-controlled Kerala State Infrastructure Development Corporation (KSIDC), in collaboration with the Kerala government.
A panel discussion titled ‘Kerala - a Small World of Big Opportunities’ was led by Amitabh Kant, a prominent bureaucrat in the southern state, where several pivotal issues were addressed.
Kant emphasized that the mega port initiative could indeed position Kerala as a new Singapore.
Kant, a former NITI Ayog chairman and well-acquainted with the state, played a significant role in coining the term 'God’s Own Country’ for Kerala during his tenure at the Tourism Department.
Ashwani Gupta, Whole-Time Director and CEO of Adani Ports and Special Economic Zone Limited, who participated in the discussion, noted that the effect of the upcoming port would be advantageous for the entire nation as approximately 90 percent of India’s trade is conducted through ports.
“With Vizhinjam Port strategically located near the international sea route, the business that this port will attract is expected to occur with reduced time and cost advantages,” Gupta remarked.
In his speech, KSIDC Chairman C. Balagopal pointed out that Kerala’s Gross State Domestic Product (GSDP) has doubled every 6-7 years since 2000.
“Strategic investments, sustainable initiatives across key sectors, enhanced connectivity, and a robust entrepreneurial ecosystem are vital enablers for growth.
“Between 1950-70, land reforms established an equitable society and distributed economic power. From 1980-90, the state succeeded in cultivating a productive workforce and achieving a high human development index. The focus on IT emerged during 1990-2000, with the establishment of three IT Parks and the Kerala Startup Mission, which laid the groundwork for a contemporary economy,” Balagopal added.
