Adani Group to Invest ₹30,000 Crore in Kerala Over Five Years

The Adani Group has announced plans to invest ₹30,000 crore in Kerala over the next five years, focusing primarily on the state’s port and airport infrastructure. This significant investment was revealed by Karan Adani, Managing Director of Adani Ports and SEZ, during his address at the Invest Kerala Global Summit.

Key Investments and Projects

The investments will include ₹5,500 crore to expand operations at Thiruvananthapuram airport, enhancing its capacity to handle 12 million passengers annually, up from the current 4.5 million. Additionally, an investment of ₹20,000 crore is planned for the Vizhinjam port, aiming to transform it into one of the largest transshipment ports in the world.

Adani also announced plans to invest in a logistics and e-commerce hub in Kochi and to scale up the group’s cement-handling capacity in the city. “Under the leadership of Chief Minister Pinarayi Vijayan and former Chief Minister the late Oommen Chandy, the Vizhinjam port works have progressed steadily. Vizhinjam made history by docking the largest container ship with 24,000 containers recently,” he said.

Invest Kerala Global Summit

The Kerala government is organizing the two-day summit to attract both domestic and international investors to the state. The focus areas include tourism, food processing, health innovations, fintech, aerospace, defence, and sustainable technologies. The event, organized by the Kerala government’s industries department, features 28 sessions attended by representatives from six countries and more than 3,000 participants.

Chief Minister Pinarayi Vijayan highlighted the state’s efforts to create a more business-friendly environment. “The changes we have brought about now are not incremental but substantial… We have ensured that no investor coming to Kerala will have to face the cobweb of procedural delays and meet the barriers of red tape. We have made major strides in simplifying procedures as regards investments,” he stated.

With the Adani Group’s substantial investment and the state’s proactive measures, Kerala aims to position itself as a prime destination for business and economic growth, fostering development and modernization in the region.