Swiss major Terminal Investment Limited (TIL) is set to invest Rs 20,000 crore in India's largest Vadhvan Port project,
Vadhavan Port Project Gains Momentum:
- Partnership: JNPA and TIL Sàrl have signed an MoU for the Vadhvan Port project, reflecting investor confidence in India's maritime sector.
- Scale: The Rs 76,220 crore project aims to be a global container hub, handling 23.2 million TEUs and 298 MMT annually.
- Development: JNPA and MMB are leading the development, with the first phase expected to be completed by 2029.
- Impact: The project is expected to create 1.2 million jobs and contribute significantly to India's economic growth.
- Vision: The port aims to integrate cutting-edge technology and sustainable practices, setting a new benchmark for port infrastructure in India.
In essence, the partnership with TIL Sàrl marks a significant step forward for the Vadhvan Port project, which promises to be a major player in India's maritime landscape.
Ref : https://www.business-standard.com/industry/news/switzerland-based-til-to-invest-rs-20-000-crore-in-vadhvan-port-project-124122301138_1.html
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