Kerala cabinet approves ₹810 crore land acquisition for port expansion
pre-market1 source ↓written by the desknot a recommendation
- of land
- 230 acres
- to facilitate
- ₹810 crore
The Kerala Government has approved the acquisition of 230 acres of land for ₹810 crore to facilitate the expansion of the Vizhinjam International Seaport. This strategic move aims to enhance industrial development in Thiruvananthapuram district, supporting India's emerging transshipment hub. The acquisition will follow the Right to Fair Compensation Act, ensuring fair compensation for affected landowners.
Not investment advice. For informational purposes only.