Kerala govt., Adani Group strive to resolve differences over sale of Vizhinjam port stake
The Kerala government and the Adani Group are working to resolve tensions following the company's decision to sell a stake in the Vizhinjam port without prior consultation. Both parties are now negotiating to ensure the project's future aligns with state interests and regulatory requirements.
The Kerala government and the Adani Group are striving to mend fences after the former conveyed its strong displeasure to the company over being kept in the dark regarding the proposed stake sale in the Adani Vizhinjam Port Private Limited (AVPPL). As part of the effort, Aswani Gupta, CEO of Adani Ports and Special Economic Zone (APSEZ), has said that the company wants to take the Vizhinjam port to the next level only with the support of the Kerala government, along with the backing of the Union government.
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