Cabinet approves development of Rs 76,200-crore greenfield major port at Vadhavan

Cabinet approves development of Rs 76,200-crore greenfield major port at Vadhavan

Daily Current Affairs / Cabinet approves development of Rs 76,200-crore greenfield major port at Vadhavan

Change Language English Hindi

Category : Business and economics Published on: June 21 2024

Share on facebook

The Union Cabinet on Wednesday approved the development of a Rs 76,200-crore all-weather greenfield deep draft major port at Vadhavan in Maharashtra.
The project will be constructed by Vadhavan Port Project Limited (VPPL), an SPV formed by Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB), with a shareholding of 74 per cent and 26 per cent, respectively.
The port will be one of the top 10 ports in the world.
The total project cost, including the land acquisition component, is Rs 76,220 crore.
This will include the development of core infrastructure, terminals and other commercial infrastructure in public-private partnerships (PPP) mode.

Recent Post's

The US launches the Gold Card, an investor-linked residency scheme offering fast-track permanent residency and citizenship for wealthy individuals and corporations.
Read More....
Google for Startups Hub at T-Hub Hyderabad offers AI-focused startups mentorship, coworking space, and investor access, boosting India’s deep-tech entrepreneurship.
Read More....
Mexico imposes tariffs of up to 50% on over 1,400 products from India, China, and other Asian countries from January 2026 to protect domestic industries.
Read More....
Varanasi becomes India’s first city to launch a hydrogen-powered water taxi service, promoting sustainable inland transport along the Ganga.
Read More....
Maharashtra has introduced a new regulatory framework to overhaul Mumbai’s century-old Pagdi system and boost redevelopment of ageing buildings.
Read More....
Maharashtra launched MahaCrimeOS AI, an advanced AI-powered platform to speed up cybercrime investigations.
Read More....
TIME Magazine named the “Architects of AI” as the 2025 Person of the Year, honouring leaders driving global AI transformation.
Read More....
India and Liberia signed an MoU to strengthen cooperation in pharmacopoeia and medicine quality standards.
Read More....
Kolkata unveils the world’s largest 70-foot iron statue of Lionel Messi ahead of the 2026 FIFA World Cup.
Read More....
Punjab honours Yuvraj Singh and Harmanpreet Kaur with stadium stands named after them at Mullanpur.
Read More....