How Vadhavan Port In Maharashtra Can Be A Game-Changer For India's Infrastructure?

Prime Minister Narendra Modi visited Maharashtra where he addressed the Global Fintech Fest (GFF) 2024 in Mumbai and lay the foundation stone for the Vadhvan Port project, a significant undertaking valued at approximately ₹76,000 crore, according to his office. The Vadhavan Port project aims to create a state-of-the-art maritime gateway that is expected to enhance India’s trade capabilities. Designed to accommodate large container vessels and ultra-large cargo ships, the port is poised to become one of the largest deep-water ports in India, located near Dahanu in Palghar district. The facility also connects to international shipping routes, reducing transit times and costs. In addition to the port, PM Modi will inaugurate 218 fisheries projects worth around ₹1,560 crore, aimed at upgrading the infrastructure and productivity of the fisheries sector nationwide. These initiatives are anticipated to create over five lakh employment opportunities. The Prime Minister will also unveil the National Rollout of the Vessel Communication and Support system, a project costing approximately Rs 360 crore. This initiative plans to install one lakh transponders in a phased manner on mechanised and motorised fishing vessels across 13 coastal states and Union Territories.