Kerala's Chief Minister urges the Finance Minister to release ₹817.80 crore for Vizhinjam Seaport.

Kerala Chief Minister Pinarayi Vijayan has appealed to Union Finance Minister Nirmala Sitharaman to release the Central share of ₹817.80 crore in Viability Gap Funding (VGF) for the Vizhinjam International Seaport without a repayment requirement. He argues that the repayment condition will lead to a potential loss of ₹10,000-12,000 crore for the state, contradicting VGF's purpose as a non-repayable grant, and emphasizes the project's economic benefits to India.

November 01, 2024
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