NEW DELHI, 30th August, 2024 (WAM) -- Indian Prime Minister Narendra Modi will lay the foundation stone for the country's largest deep-water port, Vadhvan, in Palghar in western state of Maharashtra on Friday, Asian News International (ANI) reported.
According to a statement from the government, this project will elevate India's maritime capabilities and significantly boost its global trade profile.
Vadhvan Port is poised to become one of the top 10 ports globally. This all-weather, greenfield deep-draft major port is set to revolutionise maritime trade, marking India as a key player in the global shipping industry” the statement added.
After being stalled for decades, the Vadhvan Port project is now back on track and is set to be operational by 2030. The port will be a shipping powerhouse, equipped with nine 1,000-metre-long container terminals, multipurpose berths, liquid cargo berths, Ro-Ro berths, and a dedicated Coast Guard berth.
The government added that this world-class infrastructure will establish Vadhvan as a crucial maritime hub, capable of handling global trade with unmatched efficiency.
The Port will serve as India's new gateway to global trade, with a cumulative capacity of 298 million metric tonnes (MMT) per annum. Strategically positioned as a hub port in the Arabian Sea, it will forge vital trade links with the Far East, Europe, the Middle East, Africa, and America, significantly enhancing India's global trade reach.