Comments
The Ministry of Ports, Shipping, and Waterways (MoPSW) on Thursday said it has signed initial agreements for investments worth ₹30,000 crore during the Vibrant Gujarat Global Summit 2024.
In a statement, the ministry said during the event APM Terminals and Jawaharlal Nehru Port Authority (JNPA) signed Memorandum of Understanding (MoUs) worth ₹20,000 crore, expressing their intent to invest in the Vadhavan Port Project.
The proposed Vadhavan port in Maharashtra is a high-priority initiative for the government, the port is designed to handle an annual cargo capacity of 23 million TEUs (twenty-foot equivalent units) or 254 million tons, boasting a natural draft of 20 meters to accommodate larger container vessels of up to 20,000 TEUs.
Once completed, the project will rank among the world's top 10 largest ports and serve as a significant green fuel hub, the statement said.
According to a statement, a memorandum of understanding between Deendayal Port Authority (DPA), Kandla and Umeandus Technologies India Private Limited has been signed for investment worth ₹10,000 crore for improving transportation and logistics infrastructure.
During the event, Ports, Shipping, and Waterways minister Sarbananda Sonowal said under the Sagarmala Programme, 14 projects worth ₹55,800 crore have been identified, with 9 projects totalling ₹45,800 crore already completed.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.