Mega Vadhvan Port Project Promises 12 Lakh Jobs and Boost for Maharashtra
The Vadhvan Port in Maharashtra's Palghar district aims to generate 12 lakh jobs for locals and women, bolster maritime infrastructure, and elevate India as a leading maritime nation. This multi-crore project, expected to be completed by 2029, will enhance various sectors and establish Palghar as a key global destination.
- Country:
- India
The proposed Vadhvan Port in Maharashtra's Palghar district is poised to create 12 lakh jobs for local youth and women, according to Union Minister Sarbananda Sonowal. The project is set to significantly boost local infrastructure and facilities once operational.
During the foundation stone ceremony, Sonowal emphasized that India's reputation as a maritime nation has soared under the leadership of Prime Minister Narendra Modi. Modi, alongside Maharashtra Governor C P Radhakrishnan, Chief Minister Eknath Shinde, and Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, laid the foundation stone for this ambitious project.
The Vadhvan Port will feature extensive infrastructure including container terminals, multipurpose berths, and a Ro-Ro berth, all designed to secure a cumulative capacity of 298 million metric tons per annum. Slated for completion by 2029, the project also received significant financial backing from public sector units REC and Power Finance Corp.
(With inputs from agencies.)
ALSO READ
Xi Jinping Unveils $51 Billion Investment, Infrastructure, and Job Creation Plan for Africa
Indonesia Calls for Global Investments in Green Energy Transition
Time for corporate sector to come forward in a big way to step up investments; visible signs of pvt investments happening: RBI Guv Das.
UNHCR Calls for Increased Investment in Refugee Higher Education and Jobs for Graduates
Africa's Climate Crisis: A Call for Increased Investment