Vadhavan port cost: The Rs 76,220 crore, all-weather, deep-draft port near the Gujarat border received cabinet approval in June 2024. It will be a joint venture between JNPA and the Maharashtra Maritime Board (MMB), with a shareholding of 74% and 26%, respectively. This collaboration represents a significant milestone in India’s port development strategy, as it marks the first time the Central government has shared equity with a state government in a major port project. (Image source: JNPA)
