Reliance Industries has signed a memorandum of understanding (MoU) with Vadhvan Port Project Limited (VPPL) to invest Rs 645 crore in the development of a liquid jetty and land allocation at the upcoming Vadhvan Port in Maharashtra. The agreement was signed under the public-private partnership (PPP) model and is expected to boost port infrastructure significantly.
The MoU was finalized in the presence of the Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal. The port, once completed, will be India’s 13th major and largest container port. The first phase is projected to be operational by 2029, enhancing trade and cargo-handling capacity.
In addition to Reliance’s investment, HUDCO has committed Rs 25,000 crore for infrastructure development. Switzerland-based Terminal Investment Ltd had earlier signed an MoU to invest Rs 20,000 crore in the project. Engineering contracts have also been awarded for land development.
The Vadhvan Port aims to have an annual cargo capacity of 298 million metric tonnes. The project is being developed under a landlord model, ensuring modern facilities and increased efficiency in operations. The investment from Reliance and other stakeholders is expected to drive economic growth in the region.
