Prime Minister Narendra Modi laid the foundation stone for Vadhvan Port on 30 August 2024.
Key points
- It is located in Palghar, Maharashtra.
- It is set to become the country’s largest deep-water port, with an estimated investment of ₹76,220 crore.
- Vadhvan Port is poised to enhance India’s trade capabilities due to its strategic location and substantial capacity.
- It will improve connectivity with Central Asia and Russia, further facilitating trade through the International North-South Transport Corridor (INSTC) and the India-Middle East-Europe Economic Corridor.
- The port will be integrated with the Dedicated Freight Corridors, linked to the Delhi-Mumbai Industrial Corridor, ensuring faster and more efficient cargo connectivity.
- The Vadhvan Mega Port will be developed in two phases, featuring state-of-the-art facilities. By the end of the second phase, the port will have the capacity to handle 23.2 million TEUs (twenty-foot equivalent units), a standard measurement in the shipping industry for cargo volume.
- The government projects that the port will create approximately 12 lakh direct jobs and over one crore indirect jobs.
- The Vadhvan Port was designed as a green port from its inception, aiming to balance economic growth with environmental responsibility, supporting India’s blue economy.
- It is expected to drive both economic and social development for coastal communities and the broader region of Maharashtra.
- Vadhvan Port will bolster India’s maritime connectivity, strengthening its position as a global trade hub. The port is scheduled to be operational by 2030.
