Kerala government signs ₹2,000 crore MoUs with central PSUs for Vizhinjam logistics master plan

Key facts

• Kerala government signed MoUs with Indian Oil Corporation Ltd (IOCL), Container Corporation of India (CONCOR), and Central Warehousing Corporation (CWC) for a ₹2,000 crore logistics plan at Vizhinjam International Seaport.
• IOCL will invest ₹700 crore to set up large-scale bunkering facilities for mother ships at Vizhinjam.
• CONCOR will invest ₹600 crore to build rail-linked infrastructure including inland container depots and container freight stations.
• CWC will invest ₹700 crore to develop a 50-acre multimodal logistics park with cold storage and export-oriented units.
• The agreements were executed in the presence of Chief Minister Pinarayi Vijayan at the Legislative Assembly Building.
• The initiative aims to prevent monopolisation in cargo handling, guarantee fair pricing, and keep critical infrastructure under public sector oversight while the port operates on a Public-Private Partnership model.