Vizhinjam Port to be inaugurated on May 2, Kerala eyes global trade hub status

26 Apr 2025 CW Team

Kerala is set to mark a major milestone on May 2 with the formal inauguration of the Vizhinjam International Port—an event that Ports Minister VN Vasavan called a "historic moment" set to elevate the state’s role in global maritime trade.

Prime Minister Narendra Modi will officiate the launch, with a high-level reception committee formed to ensure a grand, public-focused ceremony. Minister Vasavan chaired a meeting to finalise plans for community engagement and parallel events to highlight the occasion’s significance.

The deep-sea port, whose construction wrapped up in December, has already demonstrated strong potential during its three-month trial run—handling over 500,000 containers from more than 265 vessel calls.

While the port is operationally ready, key infrastructure projects are still catching up. A 10.7 km rail link—9.2 km of which will run underground—has been greenlit by the Railways Ministry, with land acquisition to begin post-impact studies. On the road front, a 1.6 km temporary access road is nearing completion, and the state has reached a consensus with NHAI to fast-track connectivity issues.

The launch of the first phase will also set the stage for Phase 2 construction, Vasavan confirmed.

At a planning session for the inauguration, General Education and Labour Minister V Sivankutty called on local bodies and institutions to actively promote the event and ensure maximum participation. “This is not just a state-level project—it’s a national milestone with global impact,” he said.

Image source:deshabhimani

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

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..

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..