Overview
- The state executed MoUs with IOCL, CONCOR and CWC at the Legislative Assembly complex in the presence of Chief Minister Pinarayi Vijayan.
- IOCL will invest ₹700 crore to set up large-scale bunkering facilities to fuel mother ships calling at Vizhinjam.
- CONCOR will deploy ₹600 crore to create rail-linked logistics, including Inland Container Depots and Container Freight Stations for faster nationwide cargo movement.
- CWC will fund a ₹700-crore, roughly 50-acre Multi-Modal Logistics Park with warehousing, cold storage and export-oriented units at no cost to the state exchequer.
- VISL will steer implementation to expand a publicly anchored logistics ecosystem while the port’s terminal operations continue under the existing PPP model.