"Kerala Developing Master Plan to Maximize Vizhinjam Port's Potential"

Kerala Minister of Industries P. Rajeeve announced on Monday that the state government is finalizing a comprehensive master plan to fully leverage the Vizhinjam Port’s potential for various sectors.

Speaking at the 'Conclave on Continuing Investments' organized by the Kerala State Industrial Development Corporation (KSIDC) and the Department of Industries & Commerce, Rajeeve detailed that the plan, now nearing completion, will focus on optimizing the port’s benefits for sectors such as medical devices, electronics, and manufacturing.

The conclave, which attracted around 282 entrepreneurs who have each invested over ₹5 crore in Kerala in the past three years, served as a platform for discussing these developments.

Rajeeve also highlighted government incentives, including a 25 percent reimbursement for equipment purchases and a grant of up to ₹25 lakh for priority sectors outlined in the Industrial Policy 2023. Investors acknowledged the support provided by KSIDC and the government in establishing their businesses and shared their perspectives on the ongoing initiatives.

The master plan aims to strategically enhance the utilization of Vizhinjam Port, positioning it as a crucial asset for the state’s economic growth and sectoral advancement.

ET