Unlocking 10,000 jobs: Land allotment moves underway for Vizhinjam logistics and industrial parks

THIRUVANANTHAPURAM: With the aim of extending the benefits of the Vizhinjam port to the rest of Kerala, land is being leased for logistics and industrial parks. This initiative is set to strengthen the container, logistics, and industrial sectors, facilitating increased export-import activity and creating a significant number of job opportunities.

The industrial development is expected to generate 10,000 direct jobs, with indirect employment reaching ten times that figure. Currently, 230 acres of land are being acquired for logistics and industrial parks at a cost of ₹810 crore. Over a hundred companies and entrepreneurs have already expressed interest in investing. As neighbouring Tamil Nadu is also acquiring land for port-based industrial enterprises, Kerala is prioritising land allotment for logistics companies, followed by industrial parks.

Since Vizhinjam provides direct shipping services to 100 ports worldwide, it offers local industries direct access to the global market. Manufacturers will be able to import raw materials—including those from China—for production and assembly before exporting finished goods. The project is also expected to drive economic growth through marine product exports and related industries, creating high-paying opportunities for the youth.

Development projects worth ₹2,000 crore

The initial land allocations are designated for Central Public Sector Undertakings: the Container Corporation of India, the Indian Oil Corporation (IOC), and the Central Warehousing Corporation. These entities have planned development projects worth ₹2,000 crore. The Container Corporation will establish a multi-modal logistics park and container station, while the Central Warehousing Corporation will set up a warehouse-logistics complex. Both are essential for the efficient movement of goods from the port. The Warehousing Corporation will be allotted 50 acres adjacent to the railway line, while the IOC will receive 20 acres to set up ship-bunkering (refuelling) facilities.

Average of 10 acres per park

On average, 10 acres of land will be allocated for each logistics and industrial park. The lease period is to be determined by the port company. While KINFRA previously offered 30-year leases and recently announced 60-year leases at "Invest Kerala," it is anticipated that port-based industries may require a longer lease period (similar to the 99-year leases offered in other states).

• Expected investment: ₹3 lakh crore
• Total land identified for industries: 800 acres