Kerala Port department plans big projects to boost coastal infra
14 Apr 2022
2 Min Read
CW Team
The Kerala ports department is preparing to execute a slew of projects to improve the coastal infrastructure so that the state may benefit from the Vizhinjam Deepwater Sea Port, scheduled to open in May 2023.
The Prism Online Investors' Meet was conducted towards achieving this goal.
The port department revealed a slew of projects that the state hopes to build via public-private partnerships (PPPs) or revenue-sharing models.
Around 120 investors from nations like the UAE, Qatar, and Malaysia, including the NRI investors, attended the meeting.
NS Pillai, chairman of Kerala Maritime Board, told the media that shipbuilding and ship repair yards, dry docks, offshore wind energy projects, water sports and tourist projects are among the projects.
He said that at Neendakara in Kollam, the Kerala Maritime Development Corporation has infrastructure that might be used to build a maritime institute.
Pillai said that Kerala Maritime Academy can also provide skill-based training, and to exploit the blue economy's potential, they want to study coastal and marine resources.
PT Joy said that at Kollam port, there is a mechanical engineering facility that they aim to turn into a ship repair yard. A repairing yard that caters to tiny ships has a lot of potential.
Joy said that another plan is to develop a shipyard in Thiruvananthapuram's Poovar district.
The yard has enormous potential since the development of the Vizhinjam port would provide new options. Ponnani has the potential for a floating dock from which cruise ships may depart.
Also read: Kerala govt extends deadline for Life Mission's final list
The Kerala ports department is preparing to execute a slew of projects to improve the coastal infrastructure so that the state may benefit from the Vizhinjam Deepwater Sea Port, scheduled to open in May 2023.
The Prism Online Investors' Meet was conducted towards achieving this goal.
The port department revealed a slew of projects that the state hopes to build via public-private partnerships (PPPs) or revenue-sharing models.
Around 120 investors from nations like the UAE, Qatar, and Malaysia, including the NRI investors, attended the meeting.
NS Pillai, chairman of Kerala Maritime Board, told the media that shipbuilding and ship repair yards, dry docks, offshore wind energy projects, water sports and tourist projects are among the projects.
He said that at Neendakara in Kollam, the Kerala Maritime Development Corporation has infrastructure that might be used to build a maritime institute.
Pillai said that Kerala Maritime Academy can also provide skill-based training, and to exploit the blue economy's potential, they want to study coastal and marine resources.
PT Joy said that at Kollam port, there is a mechanical engineering facility that they aim to turn into a ship repair yard. A repairing yard that caters to tiny ships has a lot of potential.
Joy said that another plan is to develop a shipyard in Thiruvananthapuram's Poovar district.
The yard has enormous potential since the development of the Vizhinjam port would provide new options. Ponnani has the potential for a floating dock from which cruise ships may depart.
Image Source
Also read: Kerala govt extends deadline for Life Mission's final list
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..