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The Maharashtra government has approved INR 3,040 crore in funding for the Maharashtra Maritime Board (MMB) to support the development of the Vadhvan Port in Dahanu taluka, Palghar district. Envisioned as a satellite port to Jawaharlal Nehru Port Authority (JNPA), the project will be implemented through Vadhvan Port Project Ltd, a joint venture between JNPA and MMB. While JNPA will cover 74% of the INR 26,220 crore project cost, the state will contribute the remaining 26%. The initiative is being promoted as a major step towards bolstering Maharashtra's port infrastructure and boosting economic growth.
In a significant infrastructure move earlier this week, the Maharashtra government approved INR 3,040 crore in funding for the Maharashtra Maritime Board (MMB) to support the Vadhvan port development project. Located in the Dahanu taluka of Palghar district, the port is planned as a satellite facility of the Jawaharlal Nehru Port Authority (JNPA), which will serve as the principal partner in the joint venture. Advertisement
The Vadhvan port is set to become the largest maritime port in India, with a total project cost of INR 26,220 crore. The project will be executed through Vadhvan Port Project Ltd, a special purpose vehicle jointly formed by JNPA and MMB. As per the approved funding structure, JNPA will bear 74% of the total cost, while MMB will contribute the remaining 26%. To facilitate this, the state government sanctioned INR 3,040 crore as its contribution through MMB.
According to an official statement, this approval is in line with the state's strategic objective to develop modern port infrastructure and promote waterborne transport for both imports and exports. Fisheries and port development minister Ditesh Ran had been advocating for the project, following which a government resolution was issued.
The official noted that port infrastructure is essential to achieving Maharashtra's long-term economic and industrial growth goals. Highlighting the need to establish multiple high-capacity port projects across the state, the official added that Vadhvan's location and scale made it a strategic choice for development.
The port is expected to significantly decongest existing maritime routes and complement JNPA's operations, enhancing Maharashtra's position as a maritime logistics powerhouse in the years ahead.
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