Kerala Chief Minister VD Satheesan said on Wednesday that the Adani Group must obtain state government’s permission to transfer shares of the Vizhinjam seaport.
Responding to the reports suggesting that global shipping giant Mediterranean Shipping Company (MSC) is planning to invest in the Vizhinjam project in partnership with Adani Ports, Satheesan stated during the Assembly’s question hour that the state government is a stakeholder in the project and any major investment or change in partnership would require the state’s approval.
The Chief Minister clarified that the Adani group has neither held official discussions with the state government nor sought its approval for any such move.
He said the state government has not received any official information regarding the reported Rs.13,000 crore foreign investment is linked to the expansion of the Vizhinjam International seaport.
CM Satheesan also said that the Vizhinjam port project and the ‘Vision Samudra’ initiative, announced in the state budget would strengthen Kerala’s second – generation development ambitions.
It has been reported that global shipping giant Mediterranean Shipping Company (MSC) plans to invest Rs. 13,000 crore in the Vizhinjam project in partnership with Adani Ports.