JNPA and TIL Partner for Vadhvan Port Development

The Jawaharlal Nehru Port Authority (JNPA) announced that Terminal Investment Limited Sarl (TIL) from Switzerland has proposed an investment of approximately Rs 20,000 crore for the development of the Vadhvan Port and its surrounding ecosystem. The Vadhvan Port project, located near Dahanu in Palghar district, Maharashtra, is a massive undertaking with an investment of Rs 76,200 crore. The project is being spearheaded by Vadhvan Port Project Ltd (VPPL), a special purpose vehicle in which JNPA holds a 74% stake and the Maharashtra Maritime Board owns the remaining 26%.

In a significant move towards enhancing port infrastructure in India, JNPA signed a memorandum of understanding (MoU) with TIL for the development of the Vadhvan Port. This collaboration marks a crucial step in transforming Vadhvan Port into a world-class port of the future. Under the initial agreement, TIL has proposed an investment of Rs 20,000 crore for the port’s development and the surrounding ecosystem. Unmesh Sharad Wagh, IRS, chairman of JNPA and CMD of VPPL, emphasized that this partnership not only demonstrates global investors’ confidence in India’s maritime sector but also ensures the incorporation of cutting-edge technology, sustainable practices, and top-notch infrastructure.

TIL, a company with a diverse portfolio of container terminals strategically positioned at key ports along major shipping routes worldwide, brings valuable expertise to the development of Vadhvan Port. With access to both mature and emerging markets, TIL’s involvement in the project is expected to contribute significantly to its success. This strategic partnership between JNPA and TIL highlights the commitment to leveraging global investments and expertise to enhance India’s maritime industry and establish Vadhvan Port as a premier facility in the region.

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