Adani Vizhinjam Port, IDBI Bank, and the Department of Economic Affairs signed.

A tripartite agreement to release ₹1,817.8 crore in viability gap funding (VGF) for the Vizhinjam container transhipment port, with Kerala as a conforming party. Vizhinjam is India’s first port project to receive VGF, aimed at making economically viable but financially strained infrastructure projects feasible. Of the total ₹1,817.8 crore, ₹817.80 crore will come from the Centre and ₹1,000 crore from Kerala. The port began operations in December 2024 and has handled over 5 lakh TEUs. With ₹7,700 crore invested, Vizhinjam aims to rival Colombo. Future phases, costing ₹9,540 crore, will expand capacity to 4.87 million TEUs and 94.6 million tonnes of total cargo.