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.
Uttar Pradesh has been declared as the best performing state for mission Karmayogi, a nationwide…
The Indian grandmasters made a good impression at the European Chess Club Cup 2026 in…
The comeback of cricket to the Olympic Games in 2028 at Los Angeles is shaping…
The 2026 Princess of Asturias Award for Sports was conferred upon Argentinian footballer Lionel Messi…
The Assam Cabinet has recommended a national-level award in honor of the late Bharat Ratna…
The Indian theoretical physicist, Ashoke Sen, has been honored with the Oskar Klein Medal 2026,…