The hiring of a consultant to create a strategy for port-led industrialization for Vizhinjam International Seaport Ltd (VISL) has been approved by the state government.
Finding possible land parcels, creating a cluster development plan, and submitting a concept that is financially feasible and offers enticing returns on investment are the tasks assigned to the consultant, who will start work in October. Feasibility studies and in-depth market research will be part of this.
More than 700 acres of property in the Thiruvananthapuram district have been identified by VISL and will be presented to the government for additional decision-making. Container yards, logistics parks, warehouses, and even areas for manufacturing and food processing are anticipated to be included in the proposed industrial clusters.
Bharat Petroleum Corporation Ltd. (BPCL) and Indian Oil Corporation (IOC) are in parallel talks to build bunkering facilities close to the port. The availability of land, environmental clearance, and other governmental permits will all influence the final decision.