🏠 News Empire
economy

Vizhinjam port begins EXIM operations; Kerala CM calls it development gateway

Published on: 18 Aug 2026, 09:27 AM
Vizhinjam port begins EXIM operations; Kerala CM calls it development gateway

Kerala Chief Minister V.D. Satheesan on Tuesday (August 18, 2026) flagged off export-import (EXIM) operations at Vizhinjam International Seaport in Thiruvananthapuram, marking the port's transition to a fully operational facility. The Chief Minister said the port's advanced technology, including AI-powered automated systems, would enable goods to reach ports across six continents within a short time.

He also launched Mission Samudra, an initiative aimed at harnessing Kerala's maritime potential. Highlighting the port's significance, Mr. Satheesan said the beginning of EXIM cargo operations opened Kerala's development gateway to the world.

The Chief Minister criticised the previous government for failing to ensure timely rail and road connectivity to the port over the last 10 years. He said Kerala could have reaped 'a hundred times' the benefits had the infrastructure been completed earlier. He added that the current government had taken responsibility for developing a port-related industrial ecosystem and had directed KINFRA and INKEL to acquire additional land in areas surrounding Vizhinjam to tap the port's potential.

The government has also informed the Cochin port about its plan to acquire land required for setting up a cruise terminal in Kochi. The proposal aims to promote inland river tourism connecting Kerala's 44 rivers, along with cruise tourism linking major coastal cities.

Emphasising Kerala's export potential, Mr. Satheesan flagged off two containers shipped by MSC to European countries. He noted that products such as idli, sambar and pazampori (banana fry) were among the consignments being exported. He said this was an opportunity for the state to take Kerala-branded products, including spices, handloom goods, cashew and coir, to global markets.

The event, however, was marked by the absence of some political leaders. Opposition Leader Pinarayi Vijayan did not attend, citing a CPI(M) State secretariat meeting. The BJP reportedly boycotted the function over the state government's decision not to sing Vande Mataram during Independence Day celebrations. Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal, BJP MLAs and the Thiruvananthapuram Mayor were also absent.

Ahead of the flag-off, the state leadership led by the Chief Minister held discussions with investor groups to explore opportunities to scale up EXIM operations at Vizhinjam. In a social media post, Mr. Satheesan said the government would provide regulatory facilitation, infrastructure support and other assistance to enable investors to expand their global export activities through the port.

'Through Mission Samudra, we are strengthening the maritime ecosystem around Vizhinjam and unlocking new opportunities in logistics, industry, exports and employment,' he said. 'Vizhinjam is more than a port. It is a gateway connecting Kerala to the world and a catalyst for our next phase of development,' he added. The EXIM operations began at the port after 20 months of commercial operations.

Latest in Economy 10
Rupee gains 44 paise to 94.92 as RBI steps in to curb dollar demand
economy

Rupee gains 44 paise to 94.92 as RBI steps in to curb dollar demand

The rupee appreciated 44 paise to 94.92 against the U.S. dollar in early trade on Wednesday, helped by RBI measures to reduce near-term dollar demand and curb speculation. The currency has now gained for three consecutive sessions, though traders expect external pressures to limit further gains. Domestic equities opened marginally lower.

The Hindu 14 Oct 2026, 05:00 AM
Read More →
Sitharaman Says She Will 'Keenly Hear' Views on LTCG and STT as Markets Rise 1%
economy

Sitharaman Says She Will 'Keenly Hear' Views on LTCG and STT as Markets Rise 1%

Finance Minister Nirmala Sitharaman said she would keenly hear views on the long-term capital gains tax and the securities transaction tax, without confirming whether either would be considered in the Budget 2027 preparations. She also said the RBI would continue acting to curb rupee volatility rather than fix its level, shortly after which the stock market rose about 1%.

The Hindu 13 Oct 2026, 01:44 PM
Read More →
Chennai Dominates Tamil Nadu's Residential Market with 51.5% of Launches: Report
economy

Chennai Dominates Tamil Nadu's Residential Market with 51.5% of Launches: Report

A report by JLL released at CREDAI Tamil Nadu's STATECON 2026 reveals that Chennai accounts for 51.5% of the state's residential launches, while plotted developments dominate secondary growth corridors. The conference discussed strategies to support Tamil Nadu's ambition of becoming a $1.5-trillion economy by 2036, including regulatory reforms and affordable housing.

The Hindu 11 Oct 2026, 01:52 PM
Read More →
Tomato prices rise in Andhra Pradesh as Madanapalle arrivals fall ahead of festive season
economy

Tomato prices rise in Andhra Pradesh as Madanapalle arrivals fall ahead of festive season

Tomato prices in Andhra Pradesh's Rayalaseema districts have risen after arrivals at the Madanapalle market yard fell to 62 tonnes on Wednesday from 88 tonnes a day earlier, with first-grade produce quoted at ₹410 per 10 kg. Retail prices are ruling at ₹45 to ₹50 a kg in Madanapalle, Kadapa, Tirupati and Kurnool. Traders expect prices to stay firm through the Dasara, Diwali and Ayyappa Deeksha season unless arrivals improve, while farmers say retail rates do not fully reach them after costs.

The Hindu 01 Oct 2026, 03:30 AM
Read More →
CAG flags 12,393 acres of Odisha industrial land lying unutilised, encroachments unchecked
economy

CAG flags 12,393 acres of Odisha industrial land lying unutilised, encroachments unchecked

A CAG report tabled in the Odisha Assembly has found that 12,393.651 acres of land allotted for industry between 1981 and 2021 were never used for their sanctioned purpose, with a further 252.692 acres diverted. The audit also flagged 668.893 acres of government land worth ₹597.87 crore under unauthorised occupation, including 10 acres of Bhubaneswar forestland held by the Kalinga Institute of Social Sciences despite a pending case.

The Hindu 29 Sep 2026, 01:48 PM
Read More →
Rupee slips 11 paise to 95.84 as crude oil holds above $100 amid West Asia uncertainty
economy

Rupee slips 11 paise to 95.84 as crude oil holds above $100 amid West Asia uncertainty

The rupee fell 11 paise to 95.84 against the U.S. dollar in early trade on Thursday, pressured by a stronger dollar, firm U.S. bond yields and crude oil prices holding above $100 a barrel amid stalled West Asia diplomacy. Domestic equities also declined, with the Sensex down 506 points, though foreign investors remained net buyers of Indian shares on Wednesday.

The Hindu 24 Sep 2026, 05:10 AM
Read More →
Spinning mills urge Centre to scrap 11% cotton import duty permanently
economy

Spinning mills urge Centre to scrap 11% cotton import duty permanently

The Southern India Mills' Association has renewed its demand for the permanent removal of the 11 per cent import duty on cotton, saying the levy fuels price volatility across the textile value chain. SIMA chairman Durai Palaniswamy also sought curbs on speculation and a review of the Cotton Corporation of India's pricing policy, while the association announced its office bearers for 2026-27.

The Hindu 22 Sep 2026, 01:50 PM
Read More →
Over 3,670 MSMEs Tap Into PSU Supply Chains as Tamil Nadu Expands Vendor Outreach
economy

Over 3,670 MSMEs Tap Into PSU Supply Chains as Tamil Nadu Expands Vendor Outreach

Tamil Nadu has held 13 vendor development programmes to connect MSMEs with public sector undertakings, with more than 3,670 small firms benefiting so far, MSME Minister P. Mathan Raja said in Thoothukudi. He cited a ₹2,141 crore budget allocation for MSMEs this year and a ₹600 crore capital subsidy scheme, and said the State's $1.5 trillion economy target for 2036 depends on large industry and small firms working together.

The Hindu 18 Sep 2026, 01:49 PM
Read More →
State revenue receipts lag at 32% of annual Budget estimate after five months
economy

State revenue receipts lag at 32% of annual Budget estimate after five months

The State’s revenue receipts reached only 32.14% of the annual Budget estimate at the end of August, with non-tax revenue and grants lagging significantly. Tax collections were relatively better but several heads remained below 40% of their targets. Pensions and interest payments continued to dominate expenditure, while the revenue deficit stood at ₹14,840 crore.

The Hindu 18 Sep 2026, 01:54 PM
Read More →
→ View All Economy News