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How a Rs 76,220 cr port project aims to be a game changer for India’s trade trajectory
Synopsis
Can the Vadhavan port project help to realise India’s long-term maritime trade ambitions while also making a place for itself alongside the top container ports of the world?
The Union Cabinet on Wednesday approved setting up a major port at Vadhavan near Dahanu in Maharastra. The project will be constructed by Vadhavan Port Project Limited (VPPL), an SPV formed by Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB) with a shareholding of 74% and 26%, respectively. The port will be developed as an all-weather greenfield deep draft major port in Vadhavan, Palghar District, Maharashtra. The
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