Mumbai (24.12.2024): Jawaharlal Nehru Port Authority (JNPA) has signed a Memorandum of Understanding (MoU) for the construction of the Vadhvan Port Project Ltd, establishing an important collaboration with Terminal Investment Limited Sàrl (TIL) on December 23, 2024. This partnership demonstrates JNPA's dedication to improving port infrastructure in India and turning Vadhvan Port into a world-class port of the future. It was exchanged by Unmesh Sharad Wagh, IRS, Chairman, JNPA and CMD, VPPL, and Capt. Deepak Tewari, in the presence of Dhananjay Javdekar, and Karan Tewari. 

According to the Memorandum of Understanding TIL has proposed to invest an estimated ₹20,000 crore for the development of the Vadhvan Port and the surrounding ecosystem. With, Terminal Investment Limited Sàrl is demonstrating its strong commitment to India's marine development. TIL, based out of Switzerland, has a diverse portfolio of container terminals, strategically located at key ports on the world's major shipping routes, providing access to key mature and developing markets.

Speaking on the occasion, Unmesh Sharad Wagh, IRS, Chairman, JNPA and CMD, VPPL, said, “The MoU with Terminal Investment Limited Sàrl marks a significant step in our vision for the Vadhvan Port, which is poised to redefine port infrastructure in India. This partnership not only reflects the confidence of global investors in India’s maritime sector but also ensures the integration of cutting-edge technology, sustainable practices, and world-class infrastructure. Together, we aim to create a port ecosystem that sets new benchmarks in efficiency and innovation.”