TOI Business Desk / TIMESOFINDIA.COM / Updated: Aug 30, 2024, 15:12 IST
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Prime Minister Narendra Modi laid the foundation for the Vadhvan Port project in Maharashtra’s Palghar. Estimated to cost around Rs 76,000 crore, this project aims to improve India’s maritime connectivity and economic growth. The port will reduce transit times, accommodate large vessels, and generate employment, following sustainable practices to minimize environmental impact.
The port will cater to large container vessels, offer deeper drafts, and accommodate ultra-large cargo ships.
NEW DELHI: Prime Minister Narendra Modi on Friday laid the foundation for construction of the
Vadhvan Port project
, estimated to cost around Rs 76,000 crore, in Maharashtra‘s Palghar.
Before departing for Maharashtra, PM Modi called the ‘Vadhvan Port project’ a “very special project”
“A very special project that will contribute to India’s development. It will also reaffirm Maharashtra’s pivotal role as a powerhouse of progress,” PM Modi said in a post on X.
Here are the top facts about the port
- Situated in close proximity to
Dahanu town in Palghar district, Vadhvan Port is poised to become the largestdeep-water port in the country. The port will offer direct access to international shipping routes, thereby reducing transit times and associated costs.
- The primary objective of the port is to establish a world-class maritime gateway that will boost the country’s trade and economic growth.
- The port will cater to large container vessels, offer deeper drafts, and accommodate ultra-large cargo ships.
- Vadhvan port will be equipped with deep berths, efficient cargo handling facilities, and modern port management systems.
- Vadhvan Port is expected to enhance India’s maritime connectivity and further strengthen its position as a global trade hub.
- The Vadhvan Port, which is estimated to cost Rs 76,220 crore, will be the third major port in Maharashtra, alongside the existing Mumbai Port and the Jawaharlal Nehru Port.
- The proposed location for the Vadhvan Port is in the Dahanu Taluka of Palghar district, and it will be developed as a joint venture between the Jawaharlal Nehru Port Authority and the Maharashtra Maritime Board. The port is expected to cover an area of 17,471 hectares, with 16,906 hectares falling within the port limits.
- The Vadhvan Port is anticipated to alleviate some of the pressure on the Jawaharlal Nehru Port, which is currently the largest container handling port in India.
- The strategic location of the proposed port is considered advantageous due to its proximity to Gujarat, Rajasthan, and central India, as well as its accessibility to most of India’s cargo destination locations.
- The construction of the Vadhvan Port will involve the reclamation of 1,448 hectares from the sea, and it has been planned at a location with a deep draft of 20 metres. None of the major ports in India currently has a comparable draft, which limits the berthing of mega shipping vessels and results in certain shipping lines bypassing India. In comparison, the Jawaharlal Nehru Port has a draft of 15.5 metres, which is the deepest among the existing major ports in the country.
- The project is anticipated to generate significant employment opportunities, stimulate local businesses, and contribute to the overall economic development of the region.
- The development of Vadhvan Port incorporates sustainable practices, focusing on minimizing environmental impact and adhering to stringent ecological standards.
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