Kerala Signs Rs 2,000 Cr Vizhinjam Logistics MoUs Today

• Kerala signs MoUs with IOCL, CONCOR, and CWC to develop Vizhinjam International Seaport as a major maritime and logistics hub
• ₹700 crore for bunkering (IOCL), ₹600 crore for rail-linked cargo systems (CONCOR), and ₹700 crore for a multimodal logistics park (CWC)
• Project ensures fair pricing, prevents monopolisation, and strengthens national maritime interests under a PPP model

The Kerala government recently signed Memoranda of Understanding with three central public sector enterprises to implement a ₹2,000 crore logistics master plan at the Vizhinjam International Seaport, marking a major step for the state to develop its maritime and logistics infrastructure.

The Kerala Vizhinjam logistics initiative under the Vizhinjam port investment framework, strengthened by Kerala MoUs PSUs, advances the Vizhinjam logistics plan and boosts Kerala infrastructure investment, accelerating Vizhinjam port development, enhancing India logistics infrastructure, reinforcing the Kerala port project, expanding PSU investment Kerala, positioning a global logistics hub Vizhinjam, strengthening maritime infrastructure India, and driving long-term Kerala economic development.

The agreements were formalised at the Legislative Assembly Building in the presence of Chief Minister Pinarayi Vijayan, according to an official statement.

The initiative is designed to transform Vizhinjam into a comprehensive economic hub while retaining strategic infrastructure under public sector supervision, even as the port functions under a Public-Private Partnership model.

The partnership unites Vizhinjam International Seaport Limited (VISL) with Indian Oil Corporation Ltd (IOCL), Container Corporation of India (CONCOR), and Central Warehousing Corporation (CWC).

Also Read: Kerala Sees Major Investments Boosting Electronics Manufacturing

The ₹2,000 crore investment is structured across three core segments. IOCL will invest ₹700 crore for creating extensive bunkering facilities to establish Vizhinjam as a primary refuelling station which serves mother vessels throughout the Indian Ocean area.

CONCOR will allocate approximately ₹600 crore to construct rail-connected logistics facilities, which will include inland container depots and freight stations that enable efficient cargo transportation throughout the country.

CWC will invest about ₹700 crore to establish a 50-acre multimodal logistics park, which includes cold storage facilities and export-oriented units without creating any financial expenses for the state government.

The signing ceremony has received attendance from high-ranking state officials and leaders of public sector units to demonstrate the project’s critical value.