The Union Cabinet chaired by Prime Minister Narendra Modi has given its in-principle approval for setting up a new Major Port at Vadhavan near Dahanu in Maharashtra. The new Major Port will be established on the basis of land lord model. The projected cost of the Vadhavan Port is over Rs 65,000 crore. After the development of this new Major Port at Vadhavan in Maharashtra, India is expected to enter the list of countries with top 10 container ports in the world.
For the implementation of the project, a Special Purpose Vehicle (SPV) will be formed along the Jawaharlal Nehru Port Trust (JNPT) which will act as the lead partner with equity participation of 50% or more. This SPV will be responsible for the development of the port infrastructure, including construction of breakwater, reclamation with the establishment of connectivity to the hinterland. All the business activities will take place under the public private partnership (PPP) by private developers.
The Delhi Open 2026 witnessed an exciting finish as Greece’s Stefanos Sakellaridis clinched the men’s…
India’s GDP growth is expected to rise to 8.1% in Q3FY26, according to a recent…
Nidhi Chhibber has taken additional charge as the Chief Executive Officer of NITI Aayog after…
India continues to strengthen its position as one of the world’s fastest-growing major economies in…
Delhi airport has been ranked the 5th-busiest airport in the Asia Pacific (Apac) region in…
Did you know that there is a beautiful island in the world that is closely…