CPI-M Urges Kerala Government To Retain Vizhinjam Port Ownership

07 Jul 2026 CW Team

Documents disclosed by the Adani Group to the stock exchange were cited by the party as indicating an intention to transfer the stake to MSC, which the party characterised as a move to operate the port as a joint venture between the two firms. The CPI-M drew attention to the commercial implications of such an arrangement and its potential impact on local oversight. The party emphasised that any change in shareholding should not dilute state authority over the facility.

The CPI-M noted that the concession agreement requires prior government approval for the transfer of more than 25 per cent of shares and asserted that this provision was being bypassed. The allegation raised questions about compliance with contractual and regulatory safeguards designed to protect public interest. The party urged officials to enforce the approval mechanism without delay.

The statement from the CPI-M state secretariat called on the United Democratic Front administration to act swiftly to ensure the port remains under state ownership and control. It argued that Vizhinjam is a strategic asset and that any major share transfer should be subject to transparent scrutiny. The party sought clear assurances on the protection of state interests before any change is permitted.

The matter is likely to attract attention from political stakeholders and regulatory authorities as well as from maritime industry observers. The CPI-M message underlines tensions between private operators and public interest safeguards in the management of infrastructure projects. The party asked the government to make its position public and to uphold the terms of the concession.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

The Communist Party of India (Marxist) (CPI-M) has urged the Kerala government to take immediate action to prevent the proposed transfer of a 49 per cent stake in AVPPL, the concessionaire of Vizhinjam port, to Switzerland based Mediterranean Shipping Company (MSC). The party warned that the transfer would alter ownership and operational control and demanded steps to preserve state ownership. The appeal followed disclosures made by a major port operator to the stock exchange. Documents disclosed by the Adani Group to the stock exchange were cited by the party as indicating an intention to transfer the stake to MSC, which the party characterised as a move to operate the port as a joint venture between the two firms. The CPI-M drew attention to the commercial implications of such an arrangement and its potential impact on local oversight. The party emphasised that any change in shareholding should not dilute state authority over the facility. The CPI-M noted that the concession agreement requires prior government approval for the transfer of more than 25 per cent of shares and asserted that this provision was being bypassed. The allegation raised questions about compliance with contractual and regulatory safeguards designed to protect public interest. The party urged officials to enforce the approval mechanism without delay. The statement from the CPI-M state secretariat called on the United Democratic Front administration to act swiftly to ensure the port remains under state ownership and control. It argued that Vizhinjam is a strategic asset and that any major share transfer should be subject to transparent scrutiny. The party sought clear assurances on the protection of state interests before any change is permitted. The matter is likely to attract attention from political stakeholders and regulatory authorities as well as from maritime industry observers. The CPI-M message underlines tensions between private operators and public interest safeguards in the management of infrastructure projects. The party asked the government to make its position public and to uphold the terms of the concession.

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Products

07 Jul 2026

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..