The Port is expected to become operational by May 2024 and will redefine the commercial map of South India. Kerala shall adopt the idea of development zones conceived in China during the late 1970s. The government intends to create such Special Development Zones (SDZ) to utilize the entire developmental potential of Vizhinjam. Vizhinjam is on the cusp of being the center piece of the commercial corridor that will grow around it.
Construction of the proposed Vizhinjam–Navayikulam outer ring road and development corridor in Thiruvananthapuram shall be completed promptly. The government is aiming to make Vizhinjam a comprehensive hub encompassing townships, residential areas, commercial centers, warehouses, and entertainment zones. For this, there needs to be developmental activities of thousands of crores. It is estimated that there will be a demand for 10,000 acres of land within a radius of 50 km from Vizhinjam to cater to this demand.
An International Investors Meet and a Maritime Summit will be conducted in 2024-25 itself to attract investors. Vizhinjam Port will significantly increase the export potential of Kerala. An amount of ₹ 300.73 crore is earmarked for the smooth and time-bound execution of major projects such as Vizhinjam Port, Cochin Metro, and Kannur Airport. The importance of Kollam Port, which is one of the oldest port in Kerala will increase with the completion of Vizhinjam Port.
