On completion, the Port will be one of the top 10 ports in the world
Our Bureau
Mumbai
Prime Minister Narendra Modi laid the foundation stone for the Vadhavan Port project on August 30, 2024, in Palghar, Maharashtra. This ambitious initiative, valued at approximately ₹76,000 crore, is poised to become one of India’s largest deep-water ports, significantly enhancing the country’s maritime capabilities and economic landscape.
Situated near Dahanu, Vadhavan Port is strategically located to serve as a major maritime gateway, catering to large container vessels and ultra-large cargo ships. The port will feature advanced infrastructure, including nine container terminals, four multipurpose berths, and a depth of 20 meters, enabling it to handle vessels carrying up to 24,000 twenty-foot equivalent units (TEUs).
During the inauguration, Modi emphasized the historical significance of Maharashtra’s coastline in international trade, stating, “Today is a historic day in India’s journey towards progress.” He noted that the Vadhavan Port would not only bolster trade but also stimulate economic growth in the region by providing direct connectivity to international shipping routes, which will reduce transit times and costs for businesses.
The Vadhavan Port project is expected to generate substantial employment opportunities, with estimates suggesting the creation of twelve lakh jobs. This development is anticipated to invigorate local businesses and contribute to the overall economic development of Palghar and surrounding areas. Modi highlighted that the project aligns with the vision of a “Viksit Maharashtra” (Developed Maharashtra), which is integral to the broader goal of a “Viksit Bharat” (Developed India).
In addition to its economic benefits, the Vadhavan Port project incorporates sustainable development practices aimed at minimizing environmental impact. The project adheres to stringent ecological standards, ensuring that the growth of maritime infrastructure does not come at the expense of the environment.
The Vadhavan Port project represents a significant step forward in India’s maritime ambitions, promising to transform the economic landscape of Maharashtra and strengthen India’s position as a global trade hub. With its state-of-the-art facilities and commitment to sustainable development, Vadhavan Port is set to play a crucial role in the nation’s economic future, reflecting the government’s vision of a prosperous and developed India.
