THIRUVANANTHAPURAM: The Adani Group is gearing up for a massive investment in Vizhinjam Port. In addition to the existing Rs 5,000 crore investment, the Adani Group is set to invest another Rs 20,000 crore in Vizhinjam. Adani Group Managing Director Karan Adani stated that an investment of Rs 30,000 crore will be made over the next five years. He revealed this information during the inaugural ceremony of Invest Kerala, held in Kochi.

Furthermore, Karan Adani announced that Rs 5,500 crore will be invested in Thiruvananthapuram International Airport. The aim is to increase the number of passengers from the current 4.5 million to 12 million. To achieve Prime Minister Narendra Modi's vision of Viksit Bharat (Developed India), economic progress at the regional level is essential. Karan Adani stated that Kerala is a great example of how planned investments can drive development.

The highly anticipated two-day Invest Kerala Global Summit (IKGS) commenced today. The grand inaugural ceremony was held at the Lulu Bolgatty International Convention Centre and was inaugurated by Chief Minister Pinarayi Vijayan. The event was attended by Union Minister Piyush Goyal, Minister of State Jayant Chaudhary, Leader of the Opposition V.D. Satheesan, Industries Minister P. Rajeev, Ministers Saji Cherian, V.N. Vasavan, M.B. Rajesh, as well as ministers from Bahrain, Abu Dhabi, Zimbabwe, and several industrial leaders.

During the summit, the Chief Minister assured investors that business approvals in Kerala would not be delayed by bureaucratic hurdles. Licenses will be issued in a timely manner, and comprehensive policy reforms to support industrial growth are underway. The necessary recommendations for these reforms have already been received, he added.

The Chief Minister emphasized that the government is functioning as a facilitator of industrial progress. He highlighted that infrastructure development is a top priority, with a strong focus on road and rail expansion. Not only national highways but all roads in the state will be developed. Kerala is a state without power cuts, and no investor will be forced to leave due to land unavailability. Additionally, 87% of Kerala’s population has internet access, surpassing the national average. He also stated that Kerala ranks first in the country in Ease of Doing Business.