The Union Cabinet on June 19 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 Vadhavan Port will be developed as an all-weather Greenfield deep draft major port in Vadhavan, Palghar District, Maharashtra.
- The Port will comprise nine container terminals. The Project, aligned with the objectives of PM Gati Shakti program.
- The capacities created at the port will aid EXIM trade flow through IMEEC (India Middle East Europe Economic Corridor) and INSTC (International North South Transportation Corridor).
