JNPA, NMDC Group sign Rs 21,000cr deal for Vadhvan Port
NMDC Group has proposed development of land offshore of Vadhvan coast by dredging, reclamation and shore protection.
Unmesh Sharad Wagh, Chairman, JNPA signing the MoU.
Jawaharlal Nehru Port Authority (JNPA) has signed a memorandum of understanding (MoU) with NMDC Group for the construction of Vadhvan Port.
NMDC Group has proposed an investment of Rs 21,000 crore for the development of the land offshore of Vadhvan coast by dredging, reclamation and shore protection of Vadhvan Port, says an official release from JNPA. "Through the MoU, NMDC Group PJSC is showcasing its steadfast commitment to India's maritime growth. NMDC Group PJSC, with its head office in Abu Dhabi, UAE, works throughout the Middle East and beyond, it is a well-known name in the engineering, marine dredging, procurement, and construction sectors."
Unmesh Sharad Wagh, Chairman, JNPA says: "The MoU between JNPA and NMDC Group PJSC is a significant step towards developing Vadhvan Port as a world-class maritime hub. This collaboration brings global expertise to one of India’s most ambitious port projects, ensuring its strategic and sustainable development. With progress ahead of schedule, we are committed to accelerating infrastructure development and enhancing India’s port capabilities to meet future trade demands."
JNPA operates five container terminals - NSFT, NSICT, NSIGT, BMCT and APMT, and the port also has a shallow water berth for general cargo. Vadhvan Port is poised to be among the top 10 ports globally and will be a 100 percent green port from inception.
