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Prime Minister Narendra Modi on Friday inaugurated and dedicated Vizhinjam International Deepwater Multipurpose Seaport to the nation.  The PM said the port  built at an estimated cost of Rs 8,900 crore,  was a significant advancement in India's maritime infrastructure.

" ...On one hand, there is this big sea with so many opportunities and on the other hand, there is beauty of nature, in between there is this 'Vizhinjam International Deepwater Multipurpose Seaport', which is a symbol of new-age development..." said PM Modi.

According to PM Modi,  the capacity of Vizhinjam port will  be tripled in the coming years.  "Coastal states and port cities will be a major driver of Viksit Bharat. In 2014, India had 1.25 lakh seafarers. Now, we have more than 3 lakh seafarers in India," he said.

The port has been built by Adani Ports and Special Economic Zone Ltd (APSEZ) in partnership with the government under a public-private model. It is India's first deep-water container transhipment port. “Until now, 75% of India’s transhipment activities were conducted at foreign ports, resulting in significant revenue losses for the country. However, this is poised to change. The funds previously spent abroad will now be channelled into domestic development, creating new economic opportunities for the people of Vizhinjam and Kerala, ensuring that the nation’s wealth directly benefits its citizens," PM Modi said.

PM Modi said Kerala has an important position in the India Middle East Europe (IMEC) corridor that was announced during the G20 summit in India.

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