JN Port to Expand Handling Capacity
Jawaharlal Nehru Port (JN Port), India's premier container port, is set to significantly expand its handling capacity to over 10 million Twenty-Foot Equivalent Units (TEUs) by April 2024. This strategic move is part of the port's ongoing efforts to modernize and enhance its infrastructure, catering to the growing demand for maritime trade in the region.Currently handling about 5.7 million TEUs, JN Port is working on several infrastructure projects to double its capacity. These projects include the development of a new container terminal, upgrading existing facilities, and improving logistics e..
Vadhvan Port to Join Global Top 10
The upcoming Vadhvan Port in Maharashtra is set to become one of the top 10 global container ports, according to Union Minister Sarbananda Sonowal. This ambitious project is expected to significantly boost India's maritime infrastructure, enhancing the country's standing in global trade.Vadhvan Port, strategically located along the Maharashtra coast, is being developed with a vision to handle some of the world's largest container ships, positioning India as a major player in the global logistics and shipping industry. Once completed, the port is expected to have a container handling capacity c..
PFC Pledges Rs.21,000 Crore for Vadhavan Port
The Power Finance Corporation (PFC) has pledged a substantial financial commitment of ₹21,000 crore to support the development of the Vadhavan Port in Maharashtra. This major infusion of funds marks a significant milestone in the port's development, reinforcing India's strategic efforts to enhance its maritime infrastructure.The Vadhavan Port project is poised to become a cornerstone of India's port-led development strategy, with its strategic location and advanced facilities positioning it as one of the top global container ports. PFC's financial backing is expected to accelerate the port's..