Prime Minister Narendra Modi inaugurated the ?8,800 crore Vizhinjam International Deepwater Multipurpose Seaport in Thiruvananthapuram, Kerala. This landmark project is set to revolutionize India's maritime sector, reduce dependence on foreign ports, and significantly boost the country's economic growth and trade efficiency.

Key Points

• The port is built under a Public-Private Partnership (PPP) model and marks a major step toward enhancing India's global trade connectivity.
• The Vizhinjam port, with a budget of ?8,800 crore, is India's first dedicated container transshipment hub.
• Located 10 nautical miles from key international shipping lanes, the port can accommodate some of the world’s largest cargo vessels, reducing the need for transshipment through foreign ports.
• This port is expected to bolster India’s maritime infrastructure, helping the nation retain substantial revenue from international trade.