Party warns proposed MSC entry could undermine competition and dilute state control over strategic port.

CPI(M) Calls on Kerala Govt to Block Stake Transfer at Vizhinjam Port.

The opposition Communist Party of India (Marxist) has urged the Kerala government to take immediate steps to prevent the proposed transfer of a 49% stake in AVPPL, the concessionaire of Vizhinjam port, to Switzerland-based Mediterranean Shipping Company (MSC). The party said the move could compromise state ownership and strategic control over the port. CPI(M) cited disclosures made by Adani Ports and Special Economic Zone (APSEZ) indicating plans to transfer the stake, and alleged that the process was being pursued without the mandatory prior government approval required for share transfers beyond 25%. The party warned that if the transaction proceeds, Vizhinjam port could effectively become exclusive to MSC vessels, harming competition and the state’s interests. The statement followed objections raised by the Kerala Government, which said any ownership change requires its consent under the concession agreement, reaffirming its duty to safeguard Kerala’s strategic and economic interests.