This expansion will also place it among the top 10 ports globally and double the country’s container capacity to 298 million metric tons.
Published Sep 05, 2024 | 3:01 PM ⚊ Updated Sep 05, 2024 | 3:01 PM
Vadhvan port. (X)
The upcoming Vadhvan Port in the Phalgar area of Maharastra aims to significantly boost farming, industry, and logistics in the state, making it a key factor in the state’s growth.
Once completed, Vadhvan Port is designed to be three times larger than JNPT (Jawaharlal Nehru Port Trust), becoming the largest port in India. This expansion could also place it among the top 10 ports globally and double the country’s container capacity to 298 million metric tons.
This is expected to attract more businesses to Maharashtra, strengthening its role as a major economic driver for India. Maharashtra, Tamil Nadu, Karnataka, Gujarat are among the highest contributing states to Indian economy.
While the Vadhvan Port project had been delayed for years because it needed deeper waters to accommodate larger ships, on 30 August, Prime Minister Narendra Modi initiated the ground breaking ceremony of the port, officially starting the project, which is expected to be completed by 2030. The total cost of the project is estimated to be ₹76,000 crore. It also aims to create 12 lakh direct and indirect employment opportunities.
India has a long history of trading by sea, and shipping is the most cost-effective way to transport goods. With its long coastline, India, and specifically Maharashtra, needed a new port to ease the pressure on existing ones like JNPT.
Once the project is finished, it aims to greatly improve areas like Palghar, Dahanu, and Boisar, which are currently less developed. It is designed to connect regions like Vidarbha, Marathwada, and North Maharashtra directly to sea transport, helping local economies. The Samriddhi Expressway, if completed on time will link to the Vadhavan Port, making transportation easier.
Similarly, it will allow fast export of agricultural and industrial products from Vidarbha and Marathwada, boosting local economies.
Vadhvan Port’s strategic location and seamless connectivity to major trade corridors will make it a pivotal node in India’s maritime network. By streamlining the movement of goods, the port will help to reduce logistics costs, enhancing the competitiveness of Indian exports. pic.twitter.com/EsxSKRFXgX
— Vadhvan Port (@VadhvanPort) August 26, 2024
