: Mumbai, December 23, 2024

Jawaharlal Nehru Port Authority (JNPA) has signed a Memorandum of Understanding (MoU) for the construction of the Vadhvan Port Project Ltd.(VPPL), thereby establishing an important collaboration with Terminal Investment Limited Sàrl (TIL) today. This partnership demonstrates JNPA's dedication to improving port infrastructure in India and turning Vadhvan Port into a world-class port of the future. The MoU was exchanged between Shri Unmesh Sharad Wagh, Chairman, JNPA and CMD, VPPL, and Capt. Deepak Tewari, in the presence of Dhananjay Javdekar, and Karan Tewari.

According to the MoU, TIL has proposed to invest an estimated ₹20,000 crore for the development of the Vadhvan Port and the surrounding ecosystem. TIL, based out of Switzerland,  has a diverse portfolio of container terminals, strategically located at key ports on the world's major shipping routes, providing access to key mature and developing markets.

Speaking on the occasion,  JNPA Chairman and VPPL CMD Shri Unmesh Sharad Wagh said, “The MoU with Terminal Investment Limited Sàrl marks a significant step in our vision for the Vadhvan Port, which is poised to redefine port infrastructure in India. This partnership not only reflects the confidence of global investors in India’s maritime sector but also ensures the integration of cutting-edge technology, sustainable practices, and world-class infrastructure. Together, we aim to create a port ecosystem that sets new benchmarks in efficiency and innovation.”

VPPL also recently launched the Vadhvan Port Skilling Program, which is designed for the youth of the Vadhvan region. MoUs have been signed between DG Shipping and JNPA to provide skill development training through selected Maritime Training Institutes (MTIs).  

The Jawaharlal Nehru Port Authority (JNPA) is one of the premier container-handling ports in India. Since its inception on May 26, 1989, JNPA has transformed from a bulk cargo terminal into the premier container port in the country. JNPA is also developing an all-weather, deep-draft, greenfield port at Vadhvan, in Maharashtra. It is poised to be among the top 10 ports globally and will be 100% green port since its inception.  

SC/PM Source: JNPA

 

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(Release ID: 2087432)