News

While inaugurating Kerala's Vizhinjam port on Friday, Prime Minister Narendra Modi suggested that Congress MP Shashi Tharoor's presence at the event would "disturb the sleep" of some.

"I want to say this to the CM (Pinarayi Vijayan)... you are a strong pillar of the INDI alliance. (Congress MP) Shashi Tharoor is also sitting here. Today's event will give sleepless nights to several people. He (translator) could not (translate these lines)... but the message has gone where it had to," said PM Modi.

Tharoor on Thursday shared photos with Prime Minister Narendra Modi from Thiruvananthapuram as he welcomed him in his constituency.

"Despite delays at the dysfunctional Delhi airport, managed to land in Thiruvananthapuram in time to receive Prime Minister Narendra Modi on his arrival in my constituency," the Congress MP wrote on X.

The port, which was developed by Adani Ports and SEZ Ltd under a public-private partnership, is positioned to emerge as a critical transhipment hub in international maritime trade. "I was listening to the minister speak a while ago. He referred to Adani as a partner of the government. This is a minister of a communist government who is saying that the private sector is a partner of the government. This is New India," said PM Modi. "People in Gujarat will realise that Adani built such an impressive port in Kerala, but not one like it in Gujarat, despite working there for 30 years. He will have to face their anger."

PM Modi further said that the seaport has been constructed at a cost of Rs 8,800 crore, and its transshipment hub capacity is set to triple in the near future.

"It is designed to accommodate large cargo ships, addressing a critical need. Until now, 75 per cent of India's transshipment 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 channeled into domestic development, creating new economic opportunities for the people of Vizhinjam and Kerala, ensuring that the nation's wealth directly benefits its citizens," he said.

The PM also referred to the era before slavery and said that India flourished with prosperity for thousands of years. "At one point, it held a significant share of the global GDP. What set India apart from other nations during that time was its impressive maritime capabilities and the thriving economic activity in its port cities. Kerala, in particular, played a major role in this success," he said.

PM Modi also said that the full potential of the port economy is realised when infrastructure development and ease of doing business are prioritised and promoted. "Over the past decade, this approach has been the cornerstone of the government's port and waterways policies. Significant strides have been made in advancing industrial activities and driving the holistic development of the state," he said.

Discover the latest Business News, Budget 2025 News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

${res.must_watch_article[0].headline}

Stock Market Holiday Jammu Kashmir News Live Tim Cook Delhi Rain Heatwave in India Odisha 10th Result 2025 WB Madhyamik Result SSLC Result 2025 Kolkata News IPL Points Table 2025

Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups

Home Currencies Commodities Pre-Market IPO Global Market Bonds

Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance TrackerNew Fixed Deposits Fixed Deposit Comparison Fixed Income

Home MC 30 Top Ranked Funds ETFs Mutual Fund Screener

Income Tax Calculator EMI Calculator Retirement Planning Gratuity Calculator

Stock Markets

News18 Firstpost CNBC TV18 News18 Hindi Cricketnext Overdrive Topper Learning

About Us Contact Us Advisory Alert Advertise with Us SupportDisclaimer Privacy Policy Cookie Policy Terms & Conditions Financial Terms (Glossary) Sitemap Investors

You are already a Moneycontrol Pro user.