Vadhavan will be more than THREE times larger than India’s biggest ports now—the government-run Jawaharlal Nehru Port Authority (JNPA) in Mumbai and Adani-owned Mundra, the largest private port in the country.
It will be able to accommodate some of the world’s biggest cargo ships that can sail in with 24,000 20-ft containers.
The construction of the Rs 76,220 crore, all-weather, deep-draft port near the Gujarat border was green-lit recently, and it will be a joint venture between JNPA and the Maharashtra Maritime Board (MMB), with a shareholding of 74% and 26%, respectively. The collaboration marks a significant step in India’s port development strategy as this is the first instance in which the Central government shares equity with a state government in a major.
On the geopolitical chessboard, it is likely to be positioned as a hub port in the Arabian Sea, strategically catering to container traffic bound for the Gulf, Europe and even African nations.
It will also serve as a cost-efficient gateway for India’s trade with Central Asia and Russia via the International North - South Transportation Corridor (INSTC).
Have you heard of this massive port in the making?
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