PSUs

Maha CM distributes skilling certificates; joins MoU signing with VPPL and JNPA

By IndianMandarins- 18 Jun 2025
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Palghar (18.06.2025): Vadhvan Port Project Ltd (VPPL) in a significant step towards enhancing skill development and strengthening economic empowerment in the Vadhvan region, three major initiatives were launched on June 16, 2025, in the presence of Chief Minister of Maharashtra Devendra Fadnavis.

VPPL launched the first course on Custom Documentation under the Vadhvan Port Skilling Program in association with the Brihanmumbai Custom Brokers Association (BCBA) on April 16, 2025. The first batch of the training programme has been successfully completed with 45 students clearing the final assessments. Certificates are awarded to all successful candidates by Devendra Fadnavis.

Further to support local die makers, JNPA, in collaboration with the Union Bank of India, proposed a cluster-specific scheme with a concessional rate of interest and an attractive interest subvention scheme to provide low-cost funding, enabling artisans to invest in better machinery and scale up their businesses. Subsidised sanction loan letters were issued to 35 beneficiaries, through this collaboration with the Union Bank of India. The benefits are as follows: 

  • Term loan for purchase of new machinery
  • Cash credit available For financing working capital
  • Loan available at concessional interest rate
  • Subvention of Interest
  • Coverage under CGTMSE Scheme
  • Reimbursement of CGTMSE Fees
  • Triple Insurance Benefit: Life, Accidental and Health
  • Concession on processing charge

An MoU was also signed between the Government of Maharashtra, represented by the Additional Chief Secretary, Skills, Employment, Entrepreneurship and Innovation Department (SEEID), and Vadhvan Port Project Limited (VPPL). The agreement has established a collaborative framework under which SEEID and VPPL will work together as per mutually agreed terms for the Vadhvan Port Skilling Program.

Unmesh Sharad Wagh, IRS, Chairperson, JNPA and CMD, VPPL, said, “These initiatives are not standalone efforts — they are part of a focused approach to align local talent with emerging opportunities. By bridging the gap between knowledge and application, we are enabling individuals to build sustainable livelihoods and contribute meaningfully to the region’s economic momentum. The strength of any large-scale infrastructure project lies not just in its physical footprint, but in the ecosystem it nurtures. Through these interventions, we aim to ensure that growth reaches the grassroots, creating long-term value for both people and industry.”

 

 

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